Forex Opinion & Analysis

GBP/CHF: Third Wave Continuation

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Bullish

GBP/CHF is currently at 1.1309 in a third wave and a tight Range. We are looking for a move to the ATR target at 1.1484 with a further target the Day top at 1.1530. We have divergence so this may be the last move. Target down is 1.1190. Watch the USDX for any change in direction. The ATR for the pair currently is 147 pips per day and its 180 day average is 132 pips per day. USDX is currently in a bear flag down.

GBPCHF -3rd Wave continuation

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