FullTimeTrader

GBPCHF-testing the pivot point - bullish bat

Long
FX:GBPCHF   British Pound / Swiss Franc
7
Next week i expect a rebound on GPB pairs like GBPJPY, GBPNZD, GBPCAD. Nobody knows if it could be a trend change because it depends on geopolitical enviroment around the GBP (elections).

Here we can see the price is testing a pivot suppor on W1

On D1 chart we see the same scenario, this support is holding succesfully the price until now:

Here on H4 chart there is a bullish bat forming, we could expect a reactions at this level.

Regards

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.