• GBPCHF approached key support level 1.1600
• Likely to fall to 1.1500
GBPCHF has been falling strongly in the last few trading sessions – in line with the earlier report for this currency pair.
The price is currently trading close to the strong support level 1.1600 (which stopped the sharp downward impulse wave 1 at the end of June).
If the pair breaks below the support level 1.1600 – GBPCHF can then test the next support level 1.1500. In the alternative scenario the price is likely to test the resistance at 1.1750 (former powerful support from July).
The dollar experienced a sell-off but rallied back up by the end of the week.…
The new week will be packed with economic data and decisions from key central banks.…
Despite economic factors working against the dollar, its oversold condition helped it this week or…
USDCAD: ⬇️ Sell - USDCAD reversed from key resistance level 1.4500 - Likely to fall…
Solana: ⬆️ Buy - Solana reversed from the long-term support level 113.75 - Likely to…
Adobe: ⬇️ Sell - Adobe broke round support level 400.00 - Likely to fall to…
This website uses cookies
![](data:image/svg+xml;charset=utf-8,<svg height="479px" width="1024px" xmlns="http://www.w3.org/2000/svg" version="1.1"/>)
