Expected Scenarios
- GBPCHF price encounters solid barrier at 1.1518 during correctional bullish rally
- Renewed negative attempts, crawling below bearish channel's resistance at 1.1420
- Settling near MA55
- Stochastic providing negative momentum, confirming bearish scenario
- Waiting to target additional negative stations starting at 1.1290
- Break below 1.1290 pushes price to 1.1205 as next main target
Trading Range
The expected trading range for today is between 1.1395 and 1.1290.
Trend Forecast
Bearish