On this daily gbpchf chart I highlighted for you the areas which I find to be mostly of interest to traders and portfolio managers.

Three days ago price bounced of an area of support and is climbing its way up to the next area of interest shown on the top of the chart.

If the blue 200 day moving average or the upper bolinger band hold price acting as resistance then it might reverse the move and head to the lower area shown at the bottom of the chart.

So far price has been moving in a range from the upper zone to the middle zone and from the middle zone to the upper zone.

The chf has been showing quite some weakness therefore it would be more likely for price to continue its up move.


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