On the chart, a GBPCHF pair forms the pattern “double bottom”. The last daily candlestick has broken the line of the neck on the point of 1.236, and then, there is a way to grow to the level of 1.25.
Meanwhile, RSI has come to the zone of overbought, and this means, the speed of GBPCHF rise may at least slow. But currently, the correction is more likely just right after reaching the targets at the level of 1.25.
This content is for informational purposes only and is not intended to be investing advice.
