Will the CHF bounce back down from the resistance?
Today, the CHF has risen up to the strong resistance level. A bounce back is a very probable scenario.
GBP/USD: pair declining since 'Double Top' formed
There's a 'Double Top', which has been confirmed enough. In this case, we should keep an eye on the nearest support at 1.3177 - 1.3143 as an intraday target. Meanwhile, if we see a pullback from this area next, there'll be time for an upward price movement in the direction of the next resistance at 1.3203 - 1.3220.
The pair has been declining since the last 'Double Top' was formed. It's likely that the market is going to achieve the previously tested support at 1.3161 - 1.3143. This area could be a starting point for a bullish price movement towards the closest resistance at 1.3192 - 1.3203.
Sergey Logachev
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