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GBPCHF 5 May 2023

GBPCHF 5 May 2023 on the H4 timeframe, it can be seen that the pair has experienced a bounce at the 38.2 Fibo level and is trying to break the 50.0 Fibo level. if the pair successfully penetrated the 50.0 level towards the 61.8 Fibo level, then go-long could be an option for scalpers. However, if you refer to the stochastic indicators, there has been overbought which allows bearish to occur. Therefore go-short is an option. Wait for further indications or trade with your own risk.

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