The GBPCHF pair hits solid resistance – Forecast today – 17-4-2024
Economies.com
2024-04-17 05:44AM UTC
Expected Scenarios
- The GBPCHF pair ended the recent bullish rally by touching 1.1475 level.
- Facing extension of solid historical resistance.
- Noticing negative bounce to crawl below the MA55 and fluctuating near 1.1335.
- Continuous negative closings below mentioned resistance and stochastic attempt to provide negative momentum.
- Increasing negative pressures on the price to activate the negative attack and target 1.1270 and 1.1200 levels initially.
Expected Range for Today
The expected trading range for today is between 1.1375 and 1.1270.
Trend Forecast: Bearish
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