• American Express broke multi-month resistance level 188.75
• Likely to rise to resistance level 195.00
American Express today broke above the key multi-month resistance level 188.75 (which stopped the previous sharp upward impulse (5) in October of 2021).
The breakout of the resistance level 188.75 should accelerate the active impulse waves 3 and (3).
Given the clear daily uptrend – American Express can be expected to rise further toward the next resistance level 195.00 (target for the completion of the active impulse wave 3).
Source: Fxpro
