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GBPCHF 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
37
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trendanalysis harmonicpatterns chartpattern gbpchf gbp chf gbpchflong gbpchfshort
GBPCHF is approaching our first support at 1.2852 (horizontal swing low support, 50% Fibonacci retracement, 61.8% Fibonacci extension) where a strong bounce might occur above this level to our major resistance at 1.3193 (horizontal swing high resistance, 61.8% Fibonacci retracement).
Stochastic is also approaching support.
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Losses can exceed the initial investment so please ensure you fully understand the risks.

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