The GBPCHF fluctuates below the resistance – Analysis – 2-12-2022
Economies.com
2022-12-02 07:49AM UTC
Despite the GBPCHF pair’s recent strong positive rally, that won’t affect the main bearish track due to its consolidation below the main bearish channel’s resistance at 1.1555.
These factors and the continuous stability of the resistance allow us to expect the beginning of forming the negative momentum, to force it to form strong bearish waves to target 1.1370 level initially, followed by waiting to achieve the next main target at 1.1230.
The expected trading range for today is between 1.1500 and 1.1370
The expected trend for today: Bearish
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