Analysis of wave counting:

During the Friday's trading, it is expected that the USD / CHF pair started from the upward movement and broke through the level of the 97th figure in the middle of the day. In this case, the 1st wave, in the composition of the future wave C, took the form of a completely completed five-wave structure. If this is the case, then from the maximum reached on the last day of last week, the currency pair may begin a correction decrease to the level of 0.9550 (or even 0.9500 level), thus denoting the beginning of the future 2nd wave, in C.

Objectives for an upward wave option:

0.9687 - 100.0% by Fibonacci

0.9750

Objectives for a downward wave option:

0.9616 - 38.2% by Fibonacci

0.9582 - 50.0% by Fibonacci

General conclusions and trading recommendations:

The wave E, B supposedly completed its construction. Now, the construction of wave C has supposedly begun, and the construction of its internal wave 1 has been completed. Thus, now the quotations are expected to fall within the framework of wave 2 in C with targets located near the calculated marks of 0.9616 and 0.9582, which corresponds to 38.2% and 50.0% Fibonacci. After the completion of the construction of this wave, it is expected to increase quotations within the wave 3 in C.