In the GBPCHF chart, given the harmonic patterns we can expect the downtrend to start after a few pips. We have also identified the resistance range in red and the support range in blue, which we consider to be of particular importance. The analysis also uses a 300-day moving average, which can provide good resistance.
The most important support lines for GBPCHF are:
S1 : 1.2705
S2 : 1.2692
S3 : 1.2683
Pivot Points : 1.2714
R1 : 1.2732
R2 : 1.2742
R3 : 1.2758
The most important political economic news for the GBPCHF is next week...
February 3 : Release of retail rate statistics in Switzerland
February 5 : Statistics of water consumption in Switzerland
Technical analysis in terms of moving indicators and averages:
Moving Average Analysis:
Also discussing the economic and political issues of these two countries can be pointed out regarding the UK exit from the EU which should be finalized and operational this week. This is to the detriment of the United Kingdom and to the detriment of the United States. The UK, which considers itself an important economic and political power in Europe, believes that there is no need for Britain in a union of weak countries such as Greece.
On the other hand, the world renowned safe currency franc has made a significant leap in discussing field tensions between Iran and the US and converting a great deal of money, including the British pound.