GBP/CHF Bullish Bounce Above 1.2800

2 min read
tarantula fx

tarantula fx

Head of Trading

Dear Traders,

The GBP/CHF is bouncing from the POC at 1.2765-85 and continuation will happen after a 4h close above 1.2800.

A bounce from the POC zone is still lacking general volatility. A low ATR – 55 indicates slow market at the moment, but usually GBP crosses explode after a consolidation. A move that we might see is a bounce off the POC towards 1.2840, 1.2930 and 1.2984. Have in mind that first targets are more reasonable as higher targets might be reached only if the volatility gets higher.

The analysis has been done with the CAMMACD.MTF template.
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Many green pips,
Nenad Kerkez aka Tarantula FX
Elite CurrenSea

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