GBPCHF Weekly Forex Forecast 7th October to 13th October by yshashmi37 on

Midterm forecast:

While the price is above the support 1.2745, beginning of uptrend is expected.
We make sure when the resistance at 1.3100 breaks.
If the support at 1.2745 is broken, the short-term forecast -beginning of uptrend- will be invalid.
Technical analysis:

The RSI downtrend #1 is broken, so the probability of beginning of uptrend is increased.
Price is above WEMA21, if price drops more, this line can act as dynamic supportagainst more losses.
Relative strength index (RSI) is 69.

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