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Weekly forecast British Pound / Swiss Franc technical chart
Symbol GBPCHF

Trading suggestion:

  • By appearing primary signs of entering the market, new entry zone and short-term targets would be published.

DateJanuary 23, 2022 - 09:22
Currentrange bound
Forecastresumption of uptrend

Midterm forecast:

  • While the price is above the support 1.21340, resumption of uptrend is expected.
  • We make sure when the resistance at 1.28100 breaks.
  • If the support at 1.21340 is broken, the short-term forecast -resumption of uptrend- will be invalid.

Technical analysis:

  • A peak is formed in daily chart at 1.2608 on 01/11/2022, so more losses to support(s) 1.2325 and minimum to Major Support (1.2134) is expected.
  • Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
  • Relative strength index (RSI) is 43.

Supports and Resistances:

  1. 1.3420
  2. 1.1600
Click on the level to view price action history.