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GBPCHF Climb to the summit - D1

In the GBPCHF currency pair, we are seeing a bullish trend that started 3 months ago. This process is made more powerful by the support line that has been attacked 4 times in the past few months.We also see a certain price ceiling in coordinates 1.3399. Hence the price target for the last 8 months is 1.3399.

The most important economic implications for next week for this currency pair are as follows:

January 9 : Speech by Mr Mark Carney, one of the UK's banking policy makers

January 10 : Unemployment rate in Switzerland

The most important charts on the daily chart are as follows:

S1 : 1.2701

S2 : 1.2653

S3 : 1.2615

&

R1 : 1.2783

R2 : 1.2815

R3 : 1.2869

Many of the technical analysis factors are also currently down, but the 100 and 200 day moving averages are bullish.

In the political news of the day, there are increasing tensions between Iran and the United States that have led to the depreciation of the British pound against the Swiss franc. The Swiss franc is surging in value in most global tensions because it is considered one of the safest currencies in the world.

The UK has also begun year 2020 with concerns about Brexit.

Also the sharp drop in the pound against the US dollar. So that the floor has been broken for the past six months



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alex pogna

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