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Chart Of The Day: GBPCHF Extends Weakness Within Descending Trend-Channel

Discussion in 'Technical Analysis' started by Kaitlin, Dec 28, 2015.

  1. Kaitlin

    Kaitlin Forum Member

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    Following its failure to surpass ascending trend-line resistance, which joins March highs to high touched in August, the GBPCHF continues to extend its weakness within a short-term descending trend-channel formation on 4-hourly chart. Though, pair's recent bounce from 1.4650 area may help it test 1.4780, channel resistance, quickly followed by[​IMG]

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