TaherJalili

Keeping Close Eye on Support Level

Long
FX:GBPCHF   British Pound / Swiss Franc
As we recently discussed in here; this pair rejected the major range resistance and key level that has been respected all year.

Price has now pushed back lower and is looking to move into the daily chart support level.

As the daily chart shows; this is the old breakout resistance level and could look to act as a new support level.

This could also be a solid level to look for new potential long trades in the coming sessions.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.