Ktafx
ADVERTISEMENT
Sponsored by Harvey Nichols Founded in 1831, a British luxury department store.

October 23, 2020 at 03:51PM

• GBPCHF reversed from resistance level 1,1900

• Likely to fall to 1,1740

GBPCHF recently reversed down from the resistance level 1,1900 (which is the upper boundary of the sideways price range inside which the pair has been trading from last month).

The resistance area near the resistance level 1,1900 is strengthened by the upper daily Bollinger Band and by the 50% Fibonacci retracement of the downward impulse (i) from the start of September

GBPCHF is likely to fall further toward the next support level 1,1740 (lower boundary of the aforementioned price range).

Continue Reading…

From: The FxPro Tech Analysis Team https://fxpro.news/market-snapshots/gbpchf-wave-analysis-23-october-2020-20201023/
Selected by fonecable.com

euro
Search Web: GBPCHF Wave Analysis 23 October, 2020

Recent Posts

euro

Related Listening

November Reports

October Reports

September Reports

August Reports

July Reports

Leave a Reply

Your email address will not be published. Required fields are marked *