The GBPCHF begins to decline – Analysis – 1-2-2023
4 months ago

The GBPCHF pair surrendered to the domination of the bearish bias by providing new negative close below 1.1480 resistance and start forming new negative waves by reaching 1.1280.


The negative stability below the moving average 55 and stochastic additional negative momentum signals confirm the continuation of the negativity, to expect suffering additional losses soon by targeting 1.1210 followed by repeating the pressure on the additional support 1.1105.


The expected trading range for today is between 1.1340 and 1.1210


The expected trend for today: Bearish

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