Technical analysis for GBPCHF
GBPCHF
Rebound strongly from the 2360 bottom after a relative momentum decline in the price decline with the end of the previous wave
The price tests the first target range for the rally compared to its previous wave movements at 2450
More Buy Pressure Supports access to the second expected range at 2490/2500 in line with the 100 MA (on the 2 hour frame) and the bearish trend line
Rebound strongly from the 2360 bottom after a relative momentum decline in the price decline with the end of the previous wave
The price tests the first target range for the rally compared to its previous wave movements at 2450
More Buy Pressure Supports access to the second expected range at 2490/2500 in line with the 100 MA (on the 2 hour frame) and the bearish trend line