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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 Forex forextrading forexsignals
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trendanalysis harmonicpatterns chartpattern gbpchf gbp chf gbpchflong gbpchfshort forex forextrading forexsignals
GBPCHF is approaching our first support at 1.2894 (horizontal swing low support, 100% Fibonacci extension, 23.6% Fibonacci retracement, ascending channel support) and a strong bounce might occur above this level pushing price up to our major resistance at 1.30909 (horizontal overlap resistance, 78.6% Fibonacci retracement).
Ichimoku cloud is also showing signs of bullish pressure in line with our bullish bias. RSI (89) is also approaching our ascending support lien and a bounce above this level might see a corresponding rise in price.
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