It's likely that the price is going to reach the nearest resistance at 1.2851 - 1.2877. This area could be a departure point for a decline...
GBP/CHF reversed from support area
- GBP/CHF reversed from support area
- Next buy target - 1.2500
GBP/CHF recently reversed up with the daily Bullish Engulfing from the support area lying between the strong support level 1.2280 (which has reversed multiple previous downward waves from the middle of March, as can be seen from the daily GBP/CHF chart below) and the lower daily Bollinger Band. The upward reversal from this support area started the active minor impulse wave (iii). GBP/CHF is expected to rise to the next buy target at the next resistance level 1.2500.
Narrowing bearish Ichimoku Cloud with rising Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen, but rising Tenkan-sen; the bulls could breakout the Kijun’s resistance.
GBP/JPY broke support level 141…
Recommendation: BUY 0,9765 SL 0,971 TP1 0,985 TP2 0,9895…