14 Apr
GBPCHF Technical Analysis: Weekly Chart
In the weekly charts, GBPCHF is trading in a downward channel.
It is trading above MA (5) but below MA (20) and MA (50).
The immediate support is 1.21018 and the resistance level is at 1.24088
GBPCHF is trading in a downward channel until there is a trend reversal.
GBPCHF Technical Analysis: Daily Chart
In the daily charts, GBPCHF is trading above its previous downward channel.
It is trading above all SMAs: MA (5), MA (20), and MA (50).
The immediate support is 1.22202 and the resistance level is at 1.22886
GBPCHF is trading outside and above its previous downward channel.
How to trade GBPCHF this week:
GBPCHF is trading in a downward channel until there is a trend reversal. However, the following opportunity can be taken:
