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GBPCHF Wave Analysis – Action Forex

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  • GBPCHF under bearish pressure
  • Likely to fall to support level 1.1955

GBPCHF currency pair under the bearish pressure after the price broke below the key multi-month support level 1.2100 (lower boundary of the sideways price range from the start of March).

The breakout of the support level 1.2100 continues the active impulse waves (iii), 3 and (3).

GBPCHF currency pair can be expected to fall further toward the next support level 1.1955.

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