#WaveAnalysis
#GBPCHF reversed from support level 1.1000
Likely to rise to resistance level 1.1125
GBPCHF recently reversed up from the round support level 1.1000, lower boundary of the sideways price range inside which the pair has been trading from the start of November.
The support level 1.1000 was strengthened by the lower daily Bollinger Band and by the 38.2% Fibonacci correction of the upward impulse from October.
Given the strength of the support level 1.1000, GBPCHF currency pair can be expected to rise further to the next resistance level 1.1125 (upper boundary of the active sideways price range).
#GBPCHF reversed from support level 1.1000
Likely to rise to resistance level 1.1125
GBPCHF recently reversed up from the round support level 1.1000, lower boundary of the sideways price range inside which the pair has been trading from the start of November.
The support level 1.1000 was strengthened by the lower daily Bollinger Band and by the 38.2% Fibonacci correction of the upward impulse from October.
Given the strength of the support level 1.1000, GBPCHF currency pair can be expected to rise further to the next resistance level 1.1125 (upper boundary of the active sideways price range).
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.