GBP/CHF: looking to rebound above the 200 SMA

GBP/CHF: looking to rebound above the 200 SMA

GBP/CHF has made a strong rally during November 15th session and it has been extending for the next two days, consolidating its price action slightly above the 200 SMA at H1 chart. Currently, the pair is being supported by the demand zone established between the 1.3049 and 1.3020 levels, at which we could expect a rebound in order to reach the Fibo target at -23.6% in 1.3192.

RSI indicator supports the bearish scenario in the short-term.

GBPCHFmH1.png

Similar

Popular

Morning brief for May 30

 Growing concerns over Greek bailout, early elections in Italy and comments by the ECB President Mario Draghi about the need to maintain the bank’s extraordinary amount of monetary policy support…

promotions you can be interested in

Deposit with your local payment systems

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Internal error. Please try again later

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera