ForecastCity

Don't miss the great buy opportunity in GBPCHF

Long
FX:GBPCHF   British Pound / Swiss Franc
Trading suggestion:
". There is a possibility of temporary retracement to suggested support line (1.2074).
. 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 60.

Take Profits:
TP1= @ 1.2173
TP2= @ 1.2221
TP3= @ 1.2283
TP4= @ 1.2372
TP5= @ 1.2428

SL= Break below 1.2047

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