The GBPCHF renews the negative action – Analysis – 24-1-2022
Economies.com
2022-01-24 08:16AM UTC
The GBPCHF pair confirmed its affection by the domination of the bearish bias by providing new negative close below 1.2640 resistance, to notice forming strong negative trades recently and decline below the moving average 55 and settles near 1.2360.
Also, the continuous negative momentum coming by stochastic will increase the chances of forming new negative trades, to manage to reach the first additional target at 1.2270 followed by moving towards 50% Fibonacci correction level at 1.2090.
The expected trading range for today is between 1.2440 and 1.2270
The expected trend for today: Bearish
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