GBPCHF: Complete Indecision
GBPCHF is stuck in consolidation.
since July the pair is trading within a wide horizontal range setting equal highs and equal lows.
to clarify the future direction of the main we should wait for a daily violation of the range first.
1.19 is its resistance.
in case of a daily candle close above that, the price will most likely keep growing,
next goal will be - 1.2
1.176 is its support.
in case of a daily candle close below that, bearish continuation will be highly probable.
next goal will be - 1.165
in such kind of situations,
patience is your best friend
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