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GBPCHF, H1 Potential For Bounce!

36550 gbpchf h1 potential for bounce

Type: Bullish BounceKey Levels:Resistance: 1.21968Pivot: 1.21369Support: 1.21046Preferred Case:Prices are at Pivot, we see the potential for a bounce from our Pivot at 1.21369 towards our 1st resistance at 1.21968 in line with 200% Fibonacci projection and 38.2% Fibonacci Retracement. Divergence is spotted on RSI.Alternative Scenario:Alternatively, prices may dip towards our 1st support at 1.21046 in line with 61.8% Fibonacci Projection.

Source: Tickmill

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