USDCHF Forecast

The USDCHF continued its bullish correction on Friday after another strong breakout above 0.7650 and hit 0.7907 earlier today in Asian session, made a huge gap of more than 100 pips from Friday’s closing price. The current strong bullish intraday pullback is a part of the bullish correction/reversal phase since the appearance of the hammer formation as you can see on my h4 chart below. The bias is bullish in nearest term testing 0.8000 region.  The gap we saw today has a chance to be filled, making Friday’s closing price at 0.7779 as the nearest support level.

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