GBP/CHF mark: 1.8251
Forecast: Upside
H4 Key points:
Top resistance: 1.19616
1st Support: Fibonacci Retracement (61.8%)
Floor: 1.17220
Price is now facing the important support line at Fibonacci Retracement (61.8%) which is a critical decision area. Buy now with SL at 1.1800 with target around top resistance. By the other hand, if price clearly breaks 1.18120 then we have to sell with SL at 1.18150 and wait the price take the floor in order to close the opened position.
Forecast: Upside
H4 Key points:
Top resistance: 1.19616
1st Support: Fibonacci Retracement (61.8%)
Floor: 1.17220
Price is now facing the important support line at Fibonacci Retracement (61.8%) which is a critical decision area. Buy now with SL at 1.1800 with target around top resistance. By the other hand, if price clearly breaks 1.18120 then we have to sell with SL at 1.18150 and wait the price take the floor in order to close the opened position.