GBPCHF Daily Time Frame Analysis+ Trade

FX:GBPCHF   British Pound / Swiss Franc
Pound vs Swiss France pair took the Bearish momentum after the breakout of Bullish Trend at the end of May month and then it retraced and started New Lows and Since that time this pair is in bearish Momentum.

Currently, we can notice that price has touched the trendline third time and laying at the very interesting level of resistance 1.28000 plus 61.8 Fibonacci region which could make it bounce and keep its bearish leg continue till 1.23000 Support level .

We can trade this pair with 50pips SL and Target 500 pips which is 1:10 Trade Setup.

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