GBPCHF approaching support, potential bounce!
GBPCHF is approaching our first support at 1.2590 (horizontal overlap support, 61.8% Fibonacci extension, 50% Fibonacci retracement) and a strong bounce might occur above this level pushing price up to our major resistance at 1.2650 (horizontal overlap resistance, 100% Fibonacci extension).
Stochastics (55,5,3) is also approaching our support and a strong bounce above this level might see a corresponding rise in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
Stochastics (55,5,3) is also approaching our support and a strong bounce above this level might see a corresponding rise in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
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