GBP/CHF is Trying to Remain Bullish

2 min read
Nenad Kerkez

Nenad Kerkez

Head of Trading

Dear Traders,

The GBP/CHF is neutral to bullish while it hangs above 1.2205-15 zone. There is a potential for the move up, but the price needs a clear momentum above Wizz Lvl 1.

1.2270-80 is a very important zone. Due to the nature of NFP data and Friday, the markets are a bit rangy. However, a bullish impulse should show up on a 4h close above 1.2273. The price is currently supported above 1.2205 zone with Wizz Lvl 1, W L3 camarilla and ascending trend lines. A bullish close above 1.2273 targets 1.2340, 1.2362 and 1.2440. Only above 1.2440 we will see a continuation towards 1.2520, the weekly swing target.

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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