• GBPCHF reversed from support area
• Likely to rise to resistance level 1.2280
GBPCHF currency pair recently reversed up from the support area located between the multi-month support level 1.2135 (previous monthly low from October) and the lower daily Bollinger Band.
The upward reversal from this support area stopped the previous impulse waves 5 and (3).
Given the oversold reading on the daily Stochastic indicator, strong swiss franc outflows- GBPCHF can be expected to rise further toward the next resistance level 1.2280 (former monthly low from January).
- 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