GBPCHF Recovers After Accumulation, Breaks Resistance

Jan 28

GBPCHF Recovers After Accumulation, Breaks Resistance

After a two-week accumulation period in the red zone, GBPCHF managed to recover its losses.

It broke through a strong resistance zone near 1.1230. It is possible that the price may test this broken structure zone before moving up again, as shown in the chart, with the first resistance levels at 1.1308 and 1.1370.

You may find more details in the chart!
Thank you and Good Luck!

❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️

Jan 31

Trade active

GBPCHF - Target 1 Reached:)

Jan 31

Trade closed: target reached

GBPCHF -Posted on 28-Jan-2025
Target Reached

————————————————————

GBPCHF reached our first target, and there is a strong possibility that it may continue to rise towards the second target.

However, given the current conditions and President Trump's threats to impose new tariffs on various countries, GBPCHF might retrace to the old zone around 1.1230 before resuming its upward movement.

If everything goes smoothly and Trump does not make any further comments, GBPCHF may continue its upward trend as indicated in the chart.
This is Trump😂