GBP/CHF Rebounds After Dip, Potential for Upside Momentum.

23 Nis 2023

The Friday trading session witnessed a downward trend in the GBP/CHF pair, however, from the early North American session onwards, the pair showed a tendency to reverse course and recover some of its earlier losses. On the technical front, the analysis reveals a rebound following the profit-taking event after a recent Double Top formation. There is a possibility of the price gaining new upside momentum and returning to the 1.1300 area.