GBPCHF Wave Analysis – 13 February 2025
- GBPCHF reversed from the resistance zone
- Likely to fall to support level 1.1240
GBPCHF currency pair recently reversed from the resistance zone between the powerful resistance level 1.1360, (which stopped multiple upward waves from September) and the upper daily Bollinger Band.
The downward reversal from this resistance area created the daily Doji candlesticks pattern, which stopped the previous short-term ABC correction ii from the start of January.
Given the strength of the resistance level 1.1360 and the overbought daily Stochastic, GBPCHF currency pair can be expected to fall to the next support level 1.1240.
Alexander Kuptsikevich,
Chief Market Analyst at FxPro
----------
Follow our Telegram channel t.me/fxpro dedicated to providing insightful market analysis and expertise.
Reach out to media.comments@fxpro.com for PR and media inquiries
Chief Market Analyst at FxPro
----------
Follow our Telegram channel t.me/fxpro dedicated to providing insightful market analysis and expertise.
Reach out to media.comments@fxpro.com for PR and media inquiries
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Alexander Kuptsikevich,
Chief Market Analyst at FxPro
----------
Follow our Telegram channel t.me/fxpro dedicated to providing insightful market analysis and expertise.
Reach out to media.comments@fxpro.com for PR and media inquiries
Chief Market Analyst at FxPro
----------
Follow our Telegram channel t.me/fxpro dedicated to providing insightful market analysis and expertise.
Reach out to media.comments@fxpro.com for PR and media inquiries
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.