navid97

What is going on in GBPCHF ?

Short
OANDA:GBPCHF   British Pound / Swiss Franc
Trading suggestion:
At the first, I suggest that you consider the areas I have identified! There is a possibility of a powerful retracement. that two bearish trends are so strong and I will show you in zoom out in the comment below why I said those are so powerful!
If so, traders can set short orders based on Price Action and expect to reach short-term targets.
Technical analysis:
In a long term, GBPCHF is in a downtrend, and the continuation of the downtrend is expected.
The RSI is at 87.60 on daily and 72 on weekly so I think even if GBPCHF wants to break the bearish trend first has to keep calm and fall a little and then keep going for rising ...
Notice: in the other hand we have two news for GBP what the second one is Monetary Policy Report Hearings

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