Technical Overview of GBP/CHF and GBP/USD Currency Pairs

GBPCHF

GBP CHF

The GBP traded higher against the CHF and closed at 1.3325.

1- The Pair formed a mother bar inside bar.
2- In between the Quarterly and Yearly Pivots.
3- Making Series of HH HL.

Scenarios:

1- As we see that the pair is making Series of HH HL.
so if we have a break of mother bar high then we may resume uptrend.
2- If we have a break of H4 down trendline then we can expect bearish movements.

According to the Analysis, The pair is expected to find support at 1.32976, and a fall through could take it to the next support level of 1.32706. The pair is expected to find its first resistance at 1.33672, and a rise through could take it to the next resistance level of 1.34098.

GBP CHF Previous Day range was 16970 and Current Day Range is 9510.

GBP USD

GBP USD

The GBP traded higher against the USD and closed at 1.3096.

1- The Pair formed a mother bar inside bar.
2- In between the Quarterly and Yearly Pivots.
3- Making Series of HH HL.

Scenarios:

1- As we see that the pair is making Series of HH HL.
so if we have a break of mother bar high then we may resume uptrend.
2- If we have a break of H4 down trendline then we can expect bearish movements.

The pair is expected to find support at 1.30610, and a fall through could take it to the next support level of 1.30262. The pair is expected to find its first resistance at 1.31504, and a rise through could take it to the next resistance level of 1.32050.

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