• GBPCHF reversed from key support level 1.2570
• Likely to rise to resistance level 1.2700
GBPCHF recently reversed up from key support level 1.2570 (which has been steadily reversing this currency pair from the end of February), intersecting with the lower daily Bollinger band and 38.2% Fibonacci correction of the upward impulse from December.
The upward reversal from this support zone stopped the previous short-term correction (ii).
GBPCHF can be expected to rise further toward the next resistance level 1.2700 (top of the previous waves (a), 4 and (i)).
- GBPUSD reversed from strong support level 1.2665 - Likely to rise to resistance level…
- USDCAD broke resistance level 1.3950 - Likely to rise to resistance level 1.4050 USDCAD…
The US dollar has strengthened, reaching the upper boundary of its trading range. The British…
Cryptocurrencies continued to surge, pushing the total cap to $3 trillion. Bitcoin has gained nearly…
- USDJPY broke key resistance level 154.70 - Likely to rise to resistance level 157.20…
- USDJPY broke key resistance level 154.70 - Likely to rise to resistance level 157.20…
This website uses cookies
