The currency pair Pound to Swiss Franc GBP/CHF is trading at 1.2578. Quotes Pairs are traded above the moving average with a period of 55, indicating a bullish trend for the Pound Franc Pair. At the moment, quotes of the pair test the upper boundary of the bands of the indicator Bollinger Bands. We should expect an attempt to drop and test the average border of the indicator bars near the level of 1.2520, where again we should expect an attempt to continue growth with the first target near the level of 1.2630.
Bollinger Bands GBP/CHF forecast on April 3, 2017
The conservative buy area is near the lower border of the Bollinger Bands indicator strip at 1.2450. Canceling the option of continuing the growth of the GBP/CHF pair will be the breakdown of the lower border area, as well as the moving average and the closing of the pair’s quotes below the area of 1.2400, indicating a change in the bearish trend for Pound Pound Franc. In the event of a breakdown of the upper border of the indicator strip, it is expected to accelerate the growth of the pair to an area above the level of 1.2630.
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