- The pair has dropped 1.2700 level with a Bearish mood in the Bears’ channel
- Pair might pull back towards 1.2800 region with possible extension to 1.2850 level
- Down move may continue if the price stays below 1.3000 area
GBPUSD
Trend from past:
Down
Potential trend:
Bearish
Previous top compared to actual price:
1.6100
Previous bottom compared to actual price:
1.5900
GBPUSD @ London Closing:
Author: Anna T
- The pair dropped to hit 1.5900 region and the mood is Bearish in the Bears’ channel
- The pair might reverse back up towards 1.5950 level with possible extension to 1.6000
- Down move may continue if the price stays below 1.6100 level
USDCHF
Trend from past:
Up
Potential trend:
Bullish
Previous top compared to actual price:
0.9500
Previous bottom compared to actual price:
0.9300
USDCHF @ London Closing:
Author: Aleksandra T
- The pair is stabilizing around 0.9450 region while the mood is weak Bullish in the Bulls’ channel
- The pair might reverse down towards 0.9350 with possible stabilization around this region
- Up move may continue place if the price stays above 0.9300 level
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