GBPCHF is facing resistance from the local trend, which is aligned with the global bearish trend. The trend may continue...A retest of resistance is forming within the global downtrend. As part of the correction, the price is testing the zone of interest and, after a false breakout of 1.7935, is returning to the selling zone.
The currency pair is rebounding from the resistance of the local trend, which coincides with the global trend. Consolidation of the price below 1.078 may trigger a continuation of the decline
Resistance levels: 1.07932, 1.0823
Support levels: 1.07744, 1.07255
Price consolidation in the selling zone followed by a break of the local structure could strengthen the bearish sentiment, which could trigger a further decline overall.
Best regards, R. Linda!
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🌹TRADING is a CASINO💔!?
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Join me, I'll guide you to PROFITABLE TRADING💵!
(don't copy, click on the links!)
🟢Telegram Channel: t.me/RLindaTrade
🧿 Web: rlinda.com
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Join me, I'll guide you to PROFITABLE TRADING💵!
(don't copy, click on the links!)
🟢Telegram Channel: t.me/RLindaTrade
🧿 Web: rlinda.com
🔴Contact: t.me/RLindaSignals
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.