CHF/JPY - Is about to break above its ending diagonal resistance-line

CHF/JPY - Is about to break above its ending diagonal resistance-line

CHF/JPY - Is about to break above its ending diagonal resistance-line 

I normally don't look at this pair, but when I saw that it has the same ending diagonal pattern as EUR/JPY I became interested. As you can compared to EUR/JPY ending diagonal, the ending diagonal here is almost about to break the resistance-line and when that happens a rally back to the origin of the ending diagonal at 117.42 should be seen, within half the time it took to build, which will be within one and half months. 

The ending diagonal resistance-line is currently sitting near 111.50 and a break above here confirms the rally back to 117.42 and above. 

The long term picture calls for a much higher rally than the 117.42 and actually calls for rally that ultimately will break above 138.92 top. 

Roelant
2016-06-26
Hi Elliotwavesurfer,

Your forecast of the EURUSD waves and reversals on Brexit day were spot on! This was not chaos, the crowd followed a pattern!

GBPUSD was abolutely 100% too!Unbelievably accu...
Duane
2014-08-29
Hey EWS,

Great work on the GBPCAD and the NZDCAD. These are the type of opportunities that I am looking for, monthly turns caught with daily or hourly entries. Easy money!!

Duane
Thomas
2014-08-11
Sublime Counts!