GBPCHF Ready to Surge? Bullish Momentum Unfolding After Retail
The latest retail sales data for GBP has exceeded forecasts, signaling strong consumer demand and economic resilience.
After four consecutive bullish candles, we observed a pullback that formed a hammer—a key reversal signal—potentially completing a morning star pattern. This price action suggests that buyers are regaining control, and momentum is shifting to the upside. If confirmed by further bullish movement, we could see GBPCHF pushing higher in the coming sessions.
After four consecutive bullish candles, we observed a pullback that formed a hammer—a key reversal signal—potentially completing a morning star pattern. This price action suggests that buyers are regaining control, and momentum is shifting to the upside. If confirmed by further bullish movement, we could see GBPCHF pushing higher in the coming sessions.
Trade closed: stop reached
We can observe regardless of positive Retail sales of Pound, GBP couldn't push the prices prices higher. 
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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.