GBPCHF approaching pivot, potential for bounce| 21st June 2021

GBPCHF approaching pivot, potential for bounce| 21st June 2021 for FX:GBPCHF by FXCM

GBPCHF approaching pivot, potential for bounce| 21st June 2021



GBPCHF is approaching horizontal overlap support in line with 50% Fibonacci extension and 50% Fibonacci retracement . Prices might push up towards horizontal swing high resistance in line with 50% Fibonacci extension . If prices continue to push down, prices might take support on horizontal swing low support in line with 61.8% Fibonacci retracement and 127.2% Fibonacci extension . Stochastics is also approaching the 13.03 level, with the potential for a bounce.

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