Short on the Pull Back
GBPCHF bounced back off a minor support level and looking to retest the 1.2342 resistance zone before carrying on with the bear trend.
This is also with confluence with the stochastic and rsi oscillator both in oversold zones.
Looking at the daily chart, the pair have dipped since 17th of February and has never looked back.
The market is looking to breath before carrying on with the its 5th wave down to the 1.2038 support zone which would be its lowest since
September 2019.
Currently the pair is at its lowest since October 2019.
This is also with confluence with the stochastic and rsi oscillator both in oversold zones.
Looking at the daily chart, the pair have dipped since 17th of February and has never looked back.
The market is looking to breath before carrying on with the its 5th wave down to the 1.2038 support zone which would be its lowest since
September 2019.
Currently the pair is at its lowest since October 2019.