Trading suggestion: . There is a possibility of temporary retracement to suggested support line (1.18200). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis: . GBPCHF is in a range bound and the beginning of uptrend is expected. . The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 68.
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Considering the recent movements of the price still has your opinion been maintained?
ForecastCity
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@hosein199233333, Thanks for your comment. No, it's not. As you can see in the chart, we closed the previous trades with profit.
It would help if you waited until we publish a new idea for GBPCHF here. Or, if you would like to see a new update, you can visit our website.
Forecasts published on the (forecastCity.com) will update regularly.