FBS - Analytics

    FBS

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    GBP/CHF: sell targets - 1.4400 and 1.4300

    • GBP/CHF falling inside minor (b)-wave
    • Next sell targets - 1.4400 and 1.4300

    GBP/CHF recently reversed down strongly from the resistance zone lying between the resistance level 1.4800, the upper daily Bollinger Band and the 38.2% Fibonacci correction of the previous sharp downward A-wave from last November (as can be seen from the daily GBP/CHF chart below). The downward reversal from this resistance zone continued the active minor (b)-wave from the end of January.

    GBP/CHF is likely to fall further in the active (b)-wave toward the next sell targets 1.4400 and 1.4300 (target price calculated for the termination of the (b)-wave).


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