The GBPCHF fluctuates below the resistance – Analysis – 27-3-2023

The GBPCHF pair surrendered to the stability of 1.1395 resistance to notice forming new negative waves recently, to settle near 1.1235 level, confirming keeping the previously suggested negative attempts.

Also, stochastic sharp decline and fluctuating near 20 level will increase the chances of gathering the negative momentum to manage to target more negative stations, to expect crawling towards 1.1170 followed by pressing on the additional support at 1.1090 in order to find a away to resume the negative attack in the upcoming period.

The expected trading range for today is between 1.1290 and 1.1170

The expected trend for today: Bearish