GBPCHF – Buyers started following power of Gbp currency.

GBPCHF – Buyers started following power of Gbp currency.
Trend: Buy/ Neutral
Support/Resistance:
R2: 1.29594
R1: 1.28518
S1: 1.27640
S2: 1.27036
S3: 1.26425
Price action:
Price is headed to test last Higher High by buyers momentum. If the price will break first resistance, it might go higher to achieve second target at 1.29594. If first test to last higher high is denied then sellers will test second support level at 1.27640. If sellers achieve second support and change it to resistance level, then price might change its way.
at 1.67298.
Potencial trade idea:
Bulls targets:
T1: 1.28518
T2: 1.29594
Bears targets:
T1: 1.27036
T1: 1.26425

NOTE – We are trading GBPCHF via the preferred trading setups


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