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November 04, 2020 at 03:35PM
• GBPCHF moving inside sideways price range
• Likely to fall to 1.1755
GBPCHF recently reversed down from the key resistance level 1.1940 (upper border of the narrow sideways price range from September).
The resistance area near the resistance level 1.1940 was strengthened by the upper daily Bollinger Band and by the 50% Fibonacci correction of the downward impulse from September.
GBPCHF is likely to fall further toward the next support level 1.1755 (lower boundary of the active sideways price range).
From: The FxPro Tech Analysis Team https://fxpro.news/market-snapshots/gbpchf-analysis-04-november-2020-20201104/
Selected by fonecable.com
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