The GBPCHF prepares for new rise – Analysis – 17-4-2019
Economies.com
2019-04-17 05:25AM UTC
The GBPCHF pair took advantage of the positive pressures by forming new bullish waves and achieve 1.3153 level, to settle above the initial support at 1.3100, noticing stochastic attempt to crawl towards the overbought areas to provide new positive momentum and increase the chances of moving towards the second positive target at 1.3265.
Also, the moving average 55 fluctuation below the current trades confirms blocking the price within the bullish range to increase the chances of reaching the mentioned positive target.
The expected trading range for today is between 1.3125 and 1.3200
The expected trend for today: Bullish
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