The currency pair British Pound to Swiss Franc GBP/CHF is trading at 1.2301. Quotations for the pair broke through the Ichimoku Cloud area and began to trade below the lower limit, indicating a downward trend in the pair Pound Frank. It is expected to test the lower boundary of the Ichimoku Cloud near the level of 1.2320, from which one should expect an attempt to fall and develop a bearish trend for this pair with the aim of increasing the level of 1.2205.
Ichimoku Forecast GBP/CHF on March 30, 2017
Earlier, a weak signal was received for the sale of the Pound Frank pair, due to the intersection of the signal lines at the level of 1.2360. Cancellation of the fall option will be a breakdown of the upper boundary of the Ichimoku Cloud with the closing of quotes above the area of 1.2400, which will indicate a change in the downward trend in favor of the ascending trend. Expect the acceleration of the fall in quotations GBP/CHF is with the breakdown of the local minimum area at 1.2270.
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