FxWirePro
Long

GBP/CHF forms Bullish Bat Pattern

FX:GBPCHF   British Pound/Swiss Franc
145 0 6
Pattern Formed –Bullish Bat pattern

Potential Reversal Zone (PRZ) -1.3770

GBP/CHF             has recovered after making a low of 1.37718. It is currently trading around 1.3825.

The pair is facing strong support around 1.3770 and break below targets 1.3720/1.3675.

On the higher side minor resistance is at 1.3850 (7 day 4 H EMA ) and any break above will take the pair to next level till 1.3930 (20 day 4 HMA ) /1.399/1.4042.

MACD- Bearish Divergence

StrochRSI- Buy

It is good to buy at dips around 1.3820 with SL around 1.3770 for the TP of 1.3900/1.3990
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