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GBPCHF approaching support, potential bounce!

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Paun British / Franc Swiss (FX:GBPCHF)  
easyMarkets Broker  
FX:GBPCHF   Paun British / Franc Swiss
Trend Analysis Harmonic Patterns Chart Patterns GBPCHF GBP chf gbpchflong gbpchfshort Forex forextrading forexsignals
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trendanalysis harmonicpatterns chartpattern gbpchf gbp chf gbpchflong gbpchfshort forex forextrading forexsignals
GBPCHF is approaching our first support at 1.2942 (horizontal swing low support, 23.6% Fibonacci retracement, 61.8% Fibonacci extension) and a strong bounce might occur above this level pushing price up to our major resistance at 1.3090 (horizontal swing high resistance, 100% Fibonacci extension, 78.6% Fibonacci retracement).
RSI (89) is also bouncing off support and we might see a corresponding rise in price.
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