GBPCHF: ⬆️ Buy
– GBPCHF reversed from support area
– Likely to rise to resistance level 1.0800
GBPCHF currency pair recently reversed up from the support area between the strong support level 1.0665 (which has been reversing the price from April) and the lower daily Bollinger Band.
The upward reversal from this support area stopped the previous short-term impulse wave c of the ABC correction 2 from August.
Given the strength of the support level 1.0665 and the oversold daily Stochastic, GBPCHF currency pair can be expected to rise further to the next resistance level 1.0800.
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