Currency pair British Pound to Swiss Franc GBP/CHF is trading at 1.2397. The pair continues to trade below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in the pair Pound/Frank. It is expected to test the area of signal lines near the level of 1.2480, from which one should expect an attempt to fall and develop a bearish tendency for a pair with a view to lower near the level of 1.2280.
GBP/CHF forecast Pound Franc on June 5, 2017
Earlier, a weak signal was received for the sale of the currency pair British Pound to Swiss Franc GBP/CHF, due to the crossing of the signal lines at the level of 1.2957. The cancellation of the fall of the pair quotes will be a breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes above the area of 1.2610, which indicates a change in the bearish trend in favor of the bullish trend. Expect the acceleration of the fall in quotations GBP/CHF is with the breakdown of the local minimum area at 1.2330.
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