GBPCHF stayed for nearly one month in the range created by the resistance area at 1,28100 and the support at 1,25800. In the last days we had a bounce from the support area that reached the resistance and it looks like it is consolidating below it. Judging by the price action at this moment we give a higher probability for the price to break out of the trading range to the upside.
Trade with care.
Best regards,
Financial Flagship
Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
Trade with care.
Best regards,
Financial Flagship
Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
