Currency pair British Pound to Swiss Franc GBP/CHF is closing the trading week at 1.2705. The pair is trading above the upper boundary of the Ichimoku Kinko Hyo Cloud, which indicates an bullish trend in the pair British Pound to Swiss Franc. Ichimoku Kinko Hyo Cloud Upper test is expected near the level 1.2620, from which it is expected to try to grow and develop the bullish trend for the pair with the purpose of growth near the level 1.2960.
GBP/CHF forecast Pound Franc on May 22 — 26, 2017
Earlier, a weak signal was received for buy of the pair British Pound to Swiss Franc GBP/CHF, due to crossing of the signal lines at the level of 1.2432. The cancellation of the growth of the quotes of the pair will be the breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotations below the area of 1.2540, which will indicate a change in the bullish trend in favor of a bearish trend. Expect the acceleration of the growth of quotations GBP/CHF on the breakdown of the local maximum area at 1.2900.
