herefore, this correction was more aggressive. Friday was closed on the support of 1.29, and a break-up can slide to 1.25 and below. However, if the GBP crosses above 1.2 it will be a positive signal for it and a negative for the Swiss currency.
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herefore, this correction was more aggressive. Friday was closed on the support of 1.29, and a break-up can slide to 1.25 and below. However, if the GBP crosses above 1.2 it will be a positive signal for it and a negative for the Swiss currency.
herefore, this correction was more aggressive. Friday was closed on the support of 1.29, and a break-up can slide to 1.25 and below. However, if the GBP crosses above 1.2 it will be a positive signal for it and a negative for the Swiss currency.
as we can see from the chart , the pair is trading under the level of 1.3000 , that's mean if the pair succeeded in breaking 1.3000 it will continue in uptrend to 1.3040 and then 1.3080 , but if the pair bounced from 1.3000 , it will continue in the down trend heading to 1.2970 and 1.2940
GBPCHF Analysis
PLACE A SELL LIMIT @ 1.2645
STOPLOSS @ 1.2750
TAKE PROFIT 1 1.2500
TAKE PROFIT 2 1.2425
Resistance level and Support level
trading Gbp / chf is very good pair
trading price Gbp / Chf/ 1.2590
Resistance level 1 / 1.2597
Resistance level 2 / 1.2602
Resistance level 3// 1.2607
Support level 1 / 1.2584
Support level 2 / 1.2579
Support level 3/ 1.2573
GBPCHF till closed price this week = look on still move near that Supply area - just wait and see = then we can see the MACD on more probably pullback down too. So, yes, on my simple look = this pair on more probably to become bearish and search for sell (on next price movement) = better, I see.The GBPCHF on look nice to probably bearish - I see the daily TF condition show this bearish probability So, of course with this clear look search for nice Sell OP here (using smaller time frame) better idea, I see.
the price break the support after the continuation sell off on the gbpcross but it seems the movement is out off steam.....is this pair find the bottom like gbpusd or it want to go deeper.....let wait and see
the more probably trend here = bearish. And I see this bearish supported by the price that now on was near overbought area. For today move = I see this pair will probably more bearish if then price can break down to that 23.6 fib line (1.5303) = break from top.
bullish trend seems to be taking place on the gbpchf pair and that’s according to the green color shown by the Bollinger Bands indicator determining by that the main market direction. A buy signal is indicated from the Simple Moving Average indicator and that is by giving us buy signal.
This pair can continue bullish trend, now current price at 1.2600 and strong support at level 1.2580 in hourly time frame. there is possible chance price will move to up side. then next high price is 1.2650
I suggest to entry BUY with stoploss at 1.2565 and take profit at 1.2650
I hope you can earn consistent profit from my signal, good luck
GBPCHF previous day range 79 points, 25% of the range 20 points
Enter Buy at 1.4449, stop loss at 1.4410, max take profit at 1.4491
Enter Sell at 1.4410, stop loss at 1.4449, max take profit at 1.4381