Get started
easyMarkets

GPBCHF is approaching support, potential bounce!

Long
British Pound / Swiss Franc (FX:GBPCHF)  
easyMarkets Broker  
FX:GBPCHF   British Pound / Swiss Franc
Trend Analysis Harmonic Patterns Chart Patterns GBPCHF GBP chf gbpchflong gbpchfshort Forex forextrading forexsignals
45
0
trendanalysis harmonicpatterns chartpattern gbpchf gbp chf gbpchflong gbpchfshort forex forextrading forexsignals
GPBCHF is approaching our first support at 1.3021 (horizontal swing low support, 100% Fibonacci extension) and a strong bounce might occur above this level pushing price up to our major resistance at 1.3168 (horizontal overlap resistance, 61.8% Fibonacci extension, 61.8% Fibonacci retracement).
Stochastic (89,5,3) is also approaching support and a bounce off this level might see a corresponding rise in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
Come join us today at : www.easymarkets.com/
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.