GBP/CHF currently trading at 1.1575 and the resistance level is at 1.1610, If the price breaches the resistance level then there are chances of trend reversal. Price on 19 march 2020 rebounded from its support level and continuously moved toward its resistance level and about to breach it. If the price goes above 1.1610 then it may come in up trend and then its nearest resistance levels will be 1.1915 first target and 1.2220 second target.
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Rishikesh Lilawat
Rishikesh Lilawat has over seven years of experience in trading Forex and commodities markets, out of which three years in two investment banks as a professional Forex and commodities trader. He holds an M.B.A degree in finance and business analytics from the University of Pune. Realizing the central role of a trader and because of his personal and particular interest in trading, He built skills in market research, technical analysis, fundamental analysis, risk management, and fund management, etc and focus his efforts on communicating and sharing views on market trends and patterns.
