GBP/CHF mark: 1.34220
Forecast: see scenarios explained below
H4 Key points:
Top resistance: 1.35500
1st Support: 1.34222
Floor: 1.30500
Price is now facing a critical decision: hold and raise above the present consolidation area and the ascending longitudinal line or break it down to the floor. Stochastic indicator is not on southward favour and seems to be preparing to go upside. So, my advice is buy now with SL at 1.3400 and TP at top resistance area and sell if price clearly breaks the referred line with SL at 1.34200 and TP at 1.33000 and floor.
Forecast: see scenarios explained below
H4 Key points:
Top resistance: 1.35500
1st Support: 1.34222
Floor: 1.30500
Price is now facing a critical decision: hold and raise above the present consolidation area and the ascending longitudinal line or break it down to the floor. Stochastic indicator is not on southward favour and seems to be preparing to go upside. So, my advice is buy now with SL at 1.3400 and TP at top resistance area and sell if price clearly breaks the referred line with SL at 1.34200 and TP at 1.33000 and floor.
