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GBPCHF Wave Analysis – 13 February 2025

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- GBPCHF reversed from the resistance zone
- Likely to fall to support level 1.1240

GBPCHF currency pair recently reversed from the resistance zone between the powerful resistance level 1.1360, (which stopped multiple upward waves from September) and the upper daily Bollinger Band.

The downward reversal from this resistance area created the daily Doji candlesticks pattern, which stopped the previous short-term ABC correction ii from the start of January.

Given the strength of the resistance level 1.1360 and the overbought daily Stochastic, GBPCHF currency pair can be expected to fall to the next support level 1.1240.
FxProGlobal
Alexander Kuptsikevich,
Chief Market Analyst at FxPro
----------
Follow our Telegram channel t.me/fxpro dedicated to providing insightful market analysis and expertise.

Reach out to media.comments@fxpro.com for PR and media inquiries
Juga di:
OscillatorsSupport and ResistanceTrend Analysis

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Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.
OscillatorsSupport and ResistanceTrend Analysis
FxProGlobal
Alexander Kuptsikevich,
Chief Market Analyst at FxPro
----------
Follow our Telegram channel t.me/fxpro dedicated to providing insightful market analysis and expertise.

Reach out to media.comments@fxpro.com for PR and media inquiries
Juga di:

Pernyataan Penyangkalan

Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.