GBPCHF FORECAST
Right now market is in support zone[1.10864] and trying to pull back from support zone from few days market moving in a rectangle zone i.e [resistanc:-1.15141,support:-1.10864]
[BUY SCENERIO]
If market successfully pullback from support zone[1.10864] then we can expect a upward trend following rectantangle zone till 1.15141 if it brake the resisrtance then market will again move upward direction and price will come nearest to major resistance [1.22661]
[SELL SCENERIO]
If market fails to pullback from here then the price can go downward direction and try hold at support[1.09136].if price break this support also then then the market start changin his move and moving downward direction sharply and we can expect a bearish market here and most probably market will reach nearest to major support[1.02000] and try to hold here or market will pullback rapidly due mojor support
[BUY SCENERIO]
If market successfully pullback from support zone[1.10864] then we can expect a upward trend following rectantangle zone till 1.15141 if it brake the resisrtance then market will again move upward direction and price will come nearest to major resistance [1.22661]
[SELL SCENERIO]
If market fails to pullback from here then the price can go downward direction and try hold at support[1.09136].if price break this support also then then the market start changin his move and moving downward direction sharply and we can expect a bearish market here and most probably market will reach nearest to major support[1.02000] and try to hold here or market will pullback rapidly due mojor support
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