Overview of USD / CHF pair with a forecast for the current day
On the chart of the Swiss franc major pair, there is an unfinished formation of the same. The structure of the correcting part (B). The calculation of the probable target zone. A general upward price of the pair. In the morning, there could not be a short-term decline. The daily swing of the uptrend is probably up to the end of the 99th figure.
Boundaries of resistance zones:
- 0.9880 / 0.9910
Boundaries of support zones:
- 0.9820 / 0.9790
GBP / JPY pair outlook for the current day
Since September 21, the descending wave zigzag is forming on the pound sterling/yen cross pair chart. There is a sufficient wave potential to change the current upward trend since last year. A distinct zigzag is traced on the 4-hour chart of the instrument with a flat price boundary. One can consider the final part of the construction (C) in analyzing the structure.
Yesterday, the price increase completed the hidden correction of this last section.
Today, the price rise may bring the price to the calculated section of the resistance zone. The probability of a change in the direction of the intersessional trend and the course of the price downwards will increase significantly at the end of the day.
Boundaries of resistance zones:
- 149.50 / 80
Boundaries of support zones:
- 148.60 / 30
Explanations to the figures:
For simplified wave analysis, a simple waveform is used that combines 3 parts namely A, B, and C. All types of correction are created and most of the impulses can be found in these waves. Every time frame is considered and the last incomplete wave has been analyzed.
The areas marked on the graphs indicate the probability of a change in the direction of the movement. Arrows indicate the wave counting. A solid background of the arrows.
Attention: The wave algorithm does not take into account the duration of the movement of tools in time. The forecast is not a trading signal! To conduct a bargain, you need to confirm the signals used by your trading systems.