GBP/CHF has achieved
its three month low of 1.40429. After touching its great support, the trend
reversal has been happening since this month.
GBP has gained around 300 pips by
this movement. The accomplishment of this gain will be continuing until it
reaches the resistance of 1.44278.
Obviously, the moving average is predicting
the uptrend and it got support from the economical reviews. This facilitates
the trading forecast to be succeeded.
By
considering the overall trend of this month, GBP/CHF has attained its
overbought. Unless any economic
releases, the downtrend will begin in the near future.
Perhaps, the long will
continue to reach the resistance. But keep in mind, the belief over the
volatility of this pair soon leads to oversold.
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