Will the CHF bounce back down from the resistance?
Today, the CHF has risen up to the strong resistance level. A bounce back is a very probable scenario.
GBP/CHF couldn't break the resistance
Information is not investment advice
On H4, GBP/CHF touched the resistance at 1.2476 and rebounded. A rebound may cause a decline to 1.2440. If the pair closes below this level, the next target is located at 1.2417. A breakthrough below it will cause a plunge to 1.2362. However, it seems like the pair started forming an uptrend. We need to wait until the pair closes above 1.2492. It will support a further increase to 1.2549.
Darya Bobrova
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