Tag - gbp

GBP/CHF broke support level 1…

We've got a "Double Bottom", so the price has reached resistance at 1.2988. Also, there's a triangle.

Recommendations: BUY 1,3035 SL 1,298 TP1 1,31 TP2 1,3135, SELL 1,293 SL 1,2985 TP 1,278…

Narrow bullish Ichimoku Cloud; horizontal Senkou Span A, but rising Senkou Span B; an irregular dead cross of Tenkan-sen and Kijun-sen over the Cloud; the prices are supported by Cloud and may go higher.

We've got two "Thorn" patterns, so the price is consolidating. The 89 Moving Average is acting as support.

We've got a "Thorn" under resistance at 1.3047, so the price is consolidating. The 55 Moving Average is acting as support.

We've got an upward consolidation, which is developing between the 34 Moving Average and resistance at 1.3023.

Political turmoil in the United States this week resulted in the weakening of the US Dollar against its major counterparts, such as the British pound…

The political turmoil that gripped White House this week resulted in the weakening of the USD against its major counterparts, such as the British pound…

The 55 Moving Average has acted as support, so there's a "V-Bottom" pattern, which pushed the price a little bit higher.

There's a consolidation, which is taking place under resistance at 1.2988. The 34 Moving Average is acting as support.

The pair is consolidating along the 55 MA, so bulls are going to achieve the closest resistance at 1.2964 - 1.2995.