Forex Opinion & Analysis

GBP/CHF Breakout

Bearish

USDX is bearish and uncommitted at the time of this post. GBP/CHF has an abc corrective pattern ( bearish) in play so should now see the resumption of the channel to the downside. We are looking for a continuation to the ATR Target at 1.2500 area. Watch the USDX for any change in direction. The ATR for the pair currently is 76 pips per day.GBP/CHF Breakout

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