GBP/CHF couldn't break the resistance

GBP/CHF couldn't break the resistance

On H4, GBP/CHF touched the resistance at 1.2476 and rebounded. A rebound may cause a decline to 1.2440. If the pair closes below this level, the next target is located at 1.2417. A breakthrough below it will cause a plunge to 1.2362. However, it seems like the pair started forming an uptrend. We need to wait until the pair closes above 1.2492. It will support a further increase to 1.2549.

Снимок экрана 2019-07-01 в 11.12.26.png 

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EUR/CHF looks ill

This week EUR/CHF broke below the 100- and 50-day MAs at 1.0966 and 1.0954 respectively.

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