Tools used:

chart indicator- Bollinger (20,2,2);


fibonacci levels; &

vertical line (forecast date).

Thereafter, I draw with polyline such that the price moves like "elliot" wave movement & then remove the shapes.

From weekly (top) chart, price looks to move higher towards major resistance at 1.5530.

From daily (bottom) chart, price currently above previous resistance level at 100% fib-level.

I'm anticipating price going range-bound after hitting 1.5530.

My expected target on 1st October for GBP/CHF: 1.5380.
Translate to English Show original