Opportunistic Wednesday presents us with GBP/CHF

Hello Traders,

Let’s hit the charts…

 

 

1. GBP/CHF

The GBP/CHF spent the entire last week bouncing between 1.23533 and 1.21038.

Are the Bears going to prove a point by breaking support level 1.21038, which may most likely force price to the next possible support level (1.17951)?  or 

Are the Bulls waiting to gather momentum to push price back to resistance level 1.23533?

Hopefully, the close of the daily candlestick tonight may most likely reveal that to us

 

What are your views?


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