Hi there fellow traders! It is looking like GBPCHF is ready to make a reversal. What market may have created here is a Higher Low, with a possibility of an uptrend continuation. We may have strong rejection here on previous resistance (now acting as support) which comes right on our 38.2% fib level. My first target is 1.28820, but if a rally is indeed bound to happen, we may revisit 2017 highs of 1.30605. Let's see how it goes.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.