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Hello all,
Today we'll continue analysing the behaviuor of the cross GBP/CHF.
At this right moment it is marking: 2.1570
My forecast decision: down
Lets see why on chart:
We can see the confluence between the descending line and the resistance line at 2.16400. This point is critical. I think that level will be quite resistive. So it is much more likely it will go down and cross the little ascending channel until 2.09000. Give enough time.
This week the price floated between the little ascending …
Today we'll continue analysing the behaviuor of the cross GBP/CHF.
At this right moment it is marking: 2.1570
My forecast decision: down
Lets see why on chart:
We can see the confluence between the descending line and the resistance line at 2.16400. This point is critical. I think that level will be quite resistive. So it is much more likely it will go down and cross the little ascending channel until 2.09000. Give enough time.
This week the price floated between the little ascending …