1. This site uses cookies. By continuing to use this site, you are agreeing to our use of cookies. Learn More.

British Pound/Swiss Franc Resistance Begins at 2.1250

Discussion in 'Technical Analysis' started by ActionForex.com, Apr 30, 2008.

  1. ActionForex.com

    ActionForex.com Content Contributor

    Joined:
    Dec 24, 2007
    Messages:
    2,465
    Likes Received:
    0
    There are 5 waves down from the October high at 2.4205. This probably comprises wave 3 of a 5 wave decline from 2.4963. Under this count, a 4th wave is working towards Fibo resistance / congestion area at 2.1249/2.1813. Expectations are the GBPCHF to work higher and reverse in this...

    complete article here...
     
Loading...

Share This Page