GBP/CHF Should Stay Below W H3 for Bears to Dominate

GBP/CHF Should Stay Below W H3 for Bears to Dominate

1.2635 zone is bearish for the pair. Rejections below are targeting 1.2596 and 1.2541. However a 4h close above 1.2635 might make a bullish move towards 1.2680. At this point we could see a continuation lower but watch for the GBP news today. Below 1.2541 we should see a move down towards 1.2495.

The Analysis has been done with the CAMMACD.Core and Sit Systems

Published by

Nenad Kerkez

Nenad Kerkez is an analyst and trader who has been in the market since 2008 and works closely with Admiral Markets as their Senior Lecturer and Market Analyst. Nenad covers over 25 currencies on an intraday basis and has a Masters in economics. He also developed CAMMACD TM, a proprietary trading and analysis strategy wit ever powerful pre fact setups that you can read every day. Nenad is also a valuable presenter on various FX EXPO shows, where he always presents new and interesting ways how to trade price action and protect your own investments. Further, he is the co-founder and head of Elite Currensea Trading, an educational website for currency traders.