Analysis of wave counting:

After falling to the mark of 0.9670 at the beginning of the Friday trading, the pair USD / CHF spent the rest of the day within a very narrow price range, limited by the already reached minimum and the level of the 97th figure. The resulting wave situation allows us to assume that the currency pair remained in the stage of formation that began to complicate its wave structure, the 3rd wave in the future wave C. At the same time, as already noted earlier, the currency pair can resume quotations at any moment, which in turn will lead to the need to reconsider the wave counting of the entire wave B.

The objectives for an upward wave option:

0.9763 - 61.8% of Fibonacci

0.9805 - 76.4% of Fibonacci

Targets for a downward wave option:

0.9395 - 76.4% of Fibonacci

0.9315 - 100.0% of Fibonacci

General conclusions and trading recommendations:

Wave counting is not entirely unambiguous now. The wave E, B can be completed. In this case, the increase in quotations will continue in the future within the first waves in the future C with the targets being about 0.9763 and 0.9805, which is equivalent to 61.8% and 76.4% of Fibonacci.