FxPro - Analytics

FxPro

752.75 6.25/10
88% of positive reviews
Real

GBPCHF Wave Analysis – 8 June, 2020

  • GBPCHF reversed from resistance area
  • Likely to fall to 1.2000

GBPCHF recently reversed down from the resistance area lying between the key resistance level 1.2200 (former monthly high from April), upper daily Bollinger band and the 61.8% Fibonacci correction of the previous sharp downward impulse from February.

The downward reversal from this resistance area stopped the previous short-term impulse wave (c).                                     

GBPCHF is likely to fall further toward the next round support level 1.2000 (low of the previous short-term corrective wave (iv)).

GBPCHF Wave Analysis – 8 June, 2020


To leave a comment you must or Join us


By visiting our website and services, you agree to the conditions of use of cookies. Learn more
I agree