Important price line being approached by BCHGBP. This price has been tested numerous times before.

BCHGBP is moving towards a line of 295.5300 which it has tested numerous times in the past. We have seen it retrace from this positions in the past, so at this stage it isn’t clear whether it will breach this price or rebound as it did before. If BCHGBP continues in its current trajectory, we can expect it to reach 295.5300 within the next 6 hours.