Currency pair British Pound to Swiss Franc GBP/CHF is trading at 1.2501. The pair is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in the pair GBP/CHF. A test of the signal line area near the level of 1.2550 is expected, from which one should expect an attempt to fall and develop a bearish trend for the pair with a view to lower near the level of 1.2390.
GBP/CHF forecast Pound Franc on May 30, 2017
Earlier, a weak signal was received for the sale of the British Pound to Swiss Franc, due to the crossing of the signal lines at the level of 1.2957. The cancellation of the fall of the pair quotations will be the breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes above the area of 1.2660, which will indicate 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 1.2440.
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