A bullish trend has developed on the daily chart. Prices have pulled back lower, yet support was found at the 50 retracement level and the cross now trades back above the 200-day MA.
A bullish divergence has formed on the 4-hout chart, and price action appears to be corrective on this timeframe. Also note that the 2-year spread between GB-CH yields ahead of prices to suggest upwards pressure could be building on GBP/CHF.
Given the bullish structure of the daily timeframe, pullbacks towards the monthly pivot point could be appealing for bullish setups, in anticipation of a move up to 1.14.
A bullish divergence has formed on the 4-hout chart, and price action appears to be corrective on this timeframe. Also note that the 2-year spread between GB-CH yields ahead of prices to suggest upwards pressure could be building on GBP/CHF.
Given the bullish structure of the daily timeframe, pullbacks towards the monthly pivot point could be appealing for bullish setups, in anticipation of a move up to 1.14.
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Penafian
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Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.