The GBPCHF under the negative effect – Forecast today – 23-4-2024

GBPCHF Pair Price Analysis

Expected Scenario

• The GBPCHF pair still affected by the negative pressures represented by the stability of the major resistance 1.1433 in addition to the MA55 that forms additional barrier by fluctuating near 1.1365 recently, to notice suffering clear losses by touching 1.1170.
• Now, stochastic crawl below 50 level will increase the negative pressures and allow us to suggest more negative attempts to target 1.1150 followed by reaching the additional support 1.1070.

Expected Trading Range

Between 1.1310 and 1.1150.