GBPCHF

8 Agu 2017

Hi there fellow traders! It is looking like GBPCHF is ready to make a reversal. What market may have created here is a Higher Low, with a possibility of an uptrend continuation. We may have strong rejection here on previous resistance (now acting as support) which comes right on our 38.2% fib level. My first target is 1.28820, but if a rally is indeed bound to happen, we may revisit 2017 highs of 1.30605. Let's see how it goes.