The GBPCHF hits a strong resistance – Analysis – 25-9-2019

The GBPCHF price failed to resume the bullish attack, hence it faces a strong resistance at 1.2495, which forces it to form a negative rebound to settle at 1.2300, the continuation of the current resistance stability confirms the price surrender to the negative domination, to expect reaching 1.2190 and breaking this barrier might extend the trading to 1.2000, to form the second negative target of the bearish bias.

Stochastic sharp decline and its approach from 20 level supports our negative suggestion by validating an extra negative momentum, to increase the chances for recording the mentioned negative targets.

The expected trading range for today is between 1.2385 and 1.2200

The expected trend for today: Bearish