GBPCHF – Buyers started following power of Gbp currency. Trend: Buy/ Neutral Support/Resistance: R2: 1.29594 R1: 1.28518 S1: 1.27640 S2: 1.27036 S3: 1.26425 Price action: Price is headed to test last Higher High by buyers momentum. If the price will break first resistance, it might go higher to achieve second target at 1.29594. If first test to last higher high is denied then sellers will test second support level at 1.27640. If sellers achieve second support and change it to resistance level, then price might change its way. at 1.67298. Potencial trade idea: Bulls targets: T1: 1.28518 T2: 1.29594 Bears targets: T1: 1.27036 T1: 1.26425
NOTE – We are trading GBPCHF via the preferred trading setups