The GBPCHF resumes the decline – Analysis – 9-8-2022
Economies.com
2022-08-09 06:00AM UTC
The GBPCHF pair surrendered to the negative pressures represented by the stability of 1.1740 resistance in addition to stochastic negative momentum signals, to notice forming strong negative waves and settling near 1.1540.
We expect to renew the pressure on the obstacle at 1.1500, and breaking it will push the price to resume the negative attack to target 1.1460 initially, followed by reaching 1.1390 in the medium term period.
The expected trading range for today is between 1.1580 and 1.1460
The expected trend for today: Bearish
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