
September 11, 2020 at 03:23PM

• GBPCHF approached key support level 1.1600
• Likely to fall to 1.1500
GBPCHF has been falling strongly in the last few trading sessions – in line with the earlier report for this currency pair.
The price is currently trading close to the strong support level 1.1600 (which stopped the sharp downward impulse wave 1 at the end of June).
If the pair breaks below the support level 1.1600 – GBPCHF can then test the next support level 1.1500. In the alternative scenario the price is likely to test the resistance at 1.1750 (former powerful support from July).

From: The FxPro Tech Analysis Team https://fxpro.news/market-snapshots/gbpchf-wave-analysis-11-september-2020-20200911/
Selected by fonecable.com

Search Web: GBPCHF Wave Analysis – 11 September, 2020
Recent Posts
- Euro Forecast: EUR/USD Outlook Tilted to the Downside in Week Ahead
- US Dollar Fundamental Outlook Hinges on Treasury Yield Volatility
- Gold Weekly Forecast: Gold Prices Preparing for a Break Out?
- Introduction to Basic Trendline Analysis
- NEWS: Bitcoin gets a weekend bid again, climbs above $60,000 April 10, 2021 at 02:27PM
Average Rating