Forex

The GBPCHF postpones the bearish bias – Analysis – 17-2-2020

2020-02-17 07:47:13 GMT (Economies.com)

The GBPCHF pair faced strong positive pressures recently, caused by stochastic rally towards the overbought areas, to notice surpassing 1.2775 barrier and confirm postponing the negative attack by reaching 1.2815.

 

In addition, 1.2774 level forming additional support allows us to expect renewing the correctional bullish attempts that might push the price to reach 1.2885 level followed by attempting to test the key resistance 1.3030.

 

The expected trading range for today is between 1.2775 and 1.2885

 

The expected trend for today: Bullish

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