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Price is currently at 1.2677, and is in the area between High School Weekly with BB W SD-1.
if so will prices rising, the next observation points are at:
1.) MA Weekly 1.2801
2.) BB W +1 SD 1.3013
even if the price is DECREASING onwards, the dots are on the next observation:
1.) BB W SD-1 1.2590
2.) BB W SD-2 1.2378
the pair has succeeded in closing it's daily candle above level 1.2400 , and that's mean the up trend is still standing and the pair might head to 1.2440 and then 1.2470 , good luck .
Indicator KG BBMA
BBMA Weekly (W)
BB W +3 SD = 1.3436
BB W +2 SD = 1.3225
SD BB W +1 = 1.3013
Weekly high school = 1.2801
BB W SD-1 = 1.2590
W-2 BB SD = 1.2378
BB W SD-3 = 1.2167
the pair and as we can see from the chart is trading now above the level of 1.2500 , so when ever the pair success in breaking 1.2500 , that's mean the down trend will be assured and the pair might head to 1.2460 and then 1.2420
GBP/CHF was trading at 1.2494, up 0.68% at time of writing.
The pair was likely to find support at 1.2368, Thursday’s low, and resistance at 1.3093, Monday’s high.
GBP/CHF was trading at 1.2494, up 0.68% at time of writing.
The pair was likely to find support at 1.2368, Thursday’s low, and resistance at 1.3093, Monday’s high.
coupled with its positioning in the middle of a descending channel dating back to the third week of March, a swing trading opportunity has emerged to collect profits as the Sterling-Franc pair looks to break lower from a near-term descending wedge and move towards its range bottom.
we can see that the pair has closed it's week candle above 1.2500 . so , that's means that up trend is expected and the pair might head to 1.2600 and then 1.2630 ,but also the hourly correction is expected before continue in the up trend
GBP/CHF was trading at 1.2494, up 0.68% at time of writing.
The pair was likely to find support at 1.2368, Thursday’s low, and resistance at 1.3093, Monday’s high.
the stocks and Euro higher supported on stronger than expected PMI data. July Services PMI jumped to 55.4 vs. 53.9 previously. GBP/CHF surged with the Swiss intervention