- GBPCHF reversed from strong support level 1.0785
- Likely to rise to resistance level 1.0950
GBPCHF currency pair recently reversed up from the strong support level 1.0785 (which has been steadily reversing the price from last August as can be seen below).
The upward reversal from the support level 1.0785 created the daily Japanese candlesticks reversal pattern Bullish Engulfing.
Given the strength of the support level 1.0785 and the oversold daily Stochastic, GBPCHF currency pair can be expected to rise to the next round resistance level 1.0950.
- Likely to rise to resistance level 1.0950
GBPCHF currency pair recently reversed up from the strong support level 1.0785 (which has been steadily reversing the price from last August as can be seen below).
The upward reversal from the support level 1.0785 created the daily Japanese candlesticks reversal pattern Bullish Engulfing.
Given the strength of the support level 1.0785 and the oversold daily Stochastic, GBPCHF currency pair can be expected to rise to the next round resistance level 1.0950.
Alexander Kuptsikevich,
Chief Market Analyst at FxPro
----------
Follow our Telegram channel t.me/fxpro dedicated to providing insightful market analysis and expertise.
Reach out to media.comments@fxpro.com for PR and media inquiries
Chief Market Analyst at FxPro
----------
Follow our Telegram channel t.me/fxpro dedicated to providing insightful market analysis and expertise.
Reach out to media.comments@fxpro.com for PR and media inquiries
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.
Alexander Kuptsikevich,
Chief Market Analyst at FxPro
----------
Follow our Telegram channel t.me/fxpro dedicated to providing insightful market analysis and expertise.
Reach out to media.comments@fxpro.com for PR and media inquiries
Chief Market Analyst at FxPro
----------
Follow our Telegram channel t.me/fxpro dedicated to providing insightful market analysis and expertise.
Reach out to media.comments@fxpro.com for PR and media inquiries
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.