
If a pullback from the nearest resistance at 111.62 happens little later on, bears will probably try to test the lower 'Window'...
GBP/CHF recently broke through the key support level 1.2900 (which stopped the previous downward impulse in February and March, as can be seen below). The breakout of this support level accelerated the active minor impulse wave 3, which belongs to the medium-term impulse wave (3) from July. GBP/CHF is expected to fall further toward the next sell target at the next support level 1.2700 (target price for the completion of the active impulse wave 3).
If a pullback from the nearest resistance at 111.62 happens little later on, bears will probably try to test the lower 'Window'...
There's a 'Triple Bottom', which pushed the market higher, so all the Moving Averages have been broken...
The pair has been declining since the last 'Harami' formed. However, there's a bullish 'Hammer', which has been confirmed...
The last "Pennant" pattern has been broken, so bulls found resistance at 1.2915. Nevertheless, the market is likely going to move on, so we should...
USD/CHF remains weak across the board and stays strong with a bearish consolidation below the 200 SMA at H1 chart…
There's no any reversal pattern so far, so the market is likely going to test the nearest resistance area in the short term...
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