GBPCHF recently reversed up from the combined support area lying between the major support level 1.2500 (which stopped the previous impulse wave (1) with the daily Morning Star) and the lower weekly Bollinger Band.
If the price closes today near the active levels it will form the strong weekly Japanese candlesticks reversal pattern Hammer.
Given the strength of the nearby support level 1.2500 – GBPCHF is expected to rise further and re-test the next resistance level 1.2700.
ANF reversed from key support level 113.40 Likely to rise to resistance level 132.31 ANF…
- GBPUSD rising inside minor correction 2 - Likely to rise to resistance level 1.2700…
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Even though the Bank of Japan left the key rate and parameters of the QE…
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