Technical analysis
Vadim Idrisov
H4GBP/CHF trading goes in a sideways direction above the upper limit of the 4-hour Ichimoku Cloud.
Despite hard attempts of the sellers, the price could not break down the support formed by the Kijun-sen and the Senkou Span A.
Today we should probably expect further rebound of the price from the Rotation line as the main and the short-term trends are still positive.
H1
In 1-hour timeframe bulls are in advance. Here the Ichimoku Cloud has a positive character supported by the rising Senkou Span A.
Obviously, after possible testing of the Kumo upper limit the growth might be continued.
However, if the Kijun-sen can hold the price at these levels the recovery might begin right after a rebound from the Kijun-sen.
http://instaforex.com/forex_analysis/44108/?x=OUE
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