Technical Analysis – GBPCHF remains negative but bulls reemerge before breach of swing low

GBPCHF reversed back down from the high of 1.2476 after a one-month rally, driving the price below the simple moving averages (SMAs) and the Ichimoku cloud, until the 1.2200 swing low, where the price halted, following a push higher from buyers. The momentum indicators are reflecting easing in the short-term negative momentum. The RSI has […]