The GBPCHF surrenders to the negative pressures – Analysis – 12-5-2022
Economies.com
2022-05-12 04:50AM UTC
The GBPCHF pair remains surrounded by strong negative factors that begin from 1.2390 resistance, besides the moving average 55 fluctuation near 1.2310, to form an extra barrier in order to provide new negative momentum in the current period trading.
And that supports the negative attempts, to expect reaching 1.2085 and breaking this barrier will success to reach new negative stations that might begin at 1.2020 reaching 1.1860 in the medium period trading.
The expected trading range for today is between 1.2220 and 1.2020
The expected trend for today: Bearish
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