GBP/CHF Bulls are Targeting Higher Levels

2 min read
Nenad Kerkez

Nenad Kerkez

Head of Trading

Dear Traders,

The GBP/CHF is bullish. We can see a form of consolidation (rounded bottom) during the uptrend. We might see fresh move up.

Today and on Monday , the price will be slower due to low volatility. Easter holidays are when banks are not working. At this point there is a set-up for GBPCHF long trade. The POC zone is 1.2030-40. Watch for stronger bullish momentum if the price closes above 1.2060.

On a successful  bounce the pair will push towards 1.2100. A close above and the price should reach the final target 1.2146. 

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

 

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