GBPCHF Is Very Bullish! Long!
Diupdate
Take a look at our analysis for GBPCHF.
Time Frame: 2h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is testing a major horizontal structure 1.085.
Taking into consideration the structure & trend analysis, I believe that the market will reach 1.088 level soon.
P.S
Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all.
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