Originally Posted by Kosai

The Swiss Frank shows multiple system confluence indicating that it's current levels should hold, despite the surprise jobs number.

If this level does continue to hold and we don't have a follow through to the downside on Monday then the odds, in my opinion, for a large advance will increase.

My first target, if the high of the wave is taken out, is 1.24 where we should see some kind of pullback. If price continues through the 1.24 level, I'd look at the 1.26 area for bearish indications to short the market.

FxKos