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GBP/CHF Should Stay Below W H3 for Bears to Dominate

By:

Nenad Kerkez

Published: Jan 21, 2020, 09:16 GMT+00:00

Dear Traders, The GBP/CHF is still bearish, despite the retracement. If the market manages to stay below 1.2680 we should see a continuation down.

GBP/CHF Should Stay Below W H3 for Bears to Dominate

1.2635 zone is bearish for the pair. Rejections below are targeting 1.2596 and 1.2541. However a 4h close above 1.2635 might make a bullish move towards 1.2680. At this point we could see a continuation lower but watch for the GBP news today. Below 1.2541 we should see a move down towards 1.2495.

The Analysis has been done with the CAMMACD.Core and Sit Systems

About the Author

Nenad Kerkezcontributor

M.Ec. Nenad Kerkez aka Tarantula is Elite CurrenSeas Head trader and a valued contributor to many premium Forex and trading websites.

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