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GBPCHF analysis 23.12.2019

23.12.2019

Market Review

The support level holds back sellers in the range of the round important level 1.2700. The overall trend is upward, and the Stochastic Oscillator indicates oversoldness. Breaking through the resistance level of 1.2831 will result in the formation of an ascending structure of the H1 level, as part of the overall upward trend.

Trading reccomendations:

Buy Above 1.2831.

Stop Loss under the support level of 1.2700.

Target levels - 1.3000; 1.3195.

Author: admin
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