Let’s go Tuesday presents us with GBP/CHF

Hello traders,

let’s hit them charts:

 

 

1. GBP/CHF

GBP/CHF has been ranging for over a month now, and we can see a strong 2 pm bearish candlestick closing within the key support zone.

If the present key support zone breaks, we may most likely see price drop over 300 pips to the next possible support level (1.11323). (which is what I am looking forward to)

However, a bounce may send price back up to 1.16406 before price gets to the blue resistance zone

 

 

Related Posts

Leave a Reply

Your email address will not be published. Required fields are marked *

error

Enjoy this blog? Please spread the word :)