The currency pair Pound Franc GBP/CHF is trading at 1.2290. The pair continues to trade below the level of the moving average with a period of 55, which indicates the continuation of the downward trend in the pair. At the moment, quotes of Pound Frank have pushed off the upper border of the Bollinger Bands indicator bars, which implies a drop to the area below the level of 1.2190.
Bollinger Bands forecast GBP/CHF on March 16, 2017
The cancellation of the variant of the fall in quotations will be the breakdown of the area of 1.2360, which will indicate a probable change in the trend in favor of an ascending pair. Expect the acceleration of the fall in GBP/CHF quotations with a breakdown of 1.2240, which indicates that the quotations are out of the lower bound of the bands of the Bollinger Bands indicator.
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