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FullTimeTrader
Apr 19, 2015 7:46 PM

GBPCHF-testing the pivot point - bullish bat Long

British Pound/Swiss FrancFXCM

Description

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
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