The GBPCHF provides positive signal – Forecast today – 1-5-2024
Economies.com
2024-05-01 05:33AM UTC
Scenarios and Trading Range
Expected Scenarios
- GBPCHF price provided positive signals by rallying above the key resistance 1.1420 recently.
- Achieved gains by reaching 1.1500, hinting preparation to activate the bullish track again.
New close above breached resistance needed to increase chances of reacting to positivity of major indicators.
Targeting 1.1520 level soon expected, while surpassing it will push price towards 1.1615 as first main target for bullish track.
Trading Range
The expected trading range for today is between 1.1460 and 1.1520.
Trend Forecast
Bullish
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