GBPCHF -- A Trade Years In The Making

FX:GBPCHF   British Pound / Swiss Franc
115 4 0
Some textbook convergence/divergence on the monthly chart. I don't often make Forex trades based on time frames this long because who knows what will happen on the global economic stage, but, if you have a few dollars you want to risk and forget about, I can't see a better place for them.
why you are thinking this scenario will happen? and if it hapopen wher you will see the end of the upmove?
sedemmler butterliesel
I'm thinking some version of this will happen for two reasons. 1 -- The UK economy is at the beginning of what seems to be a steady, but slow recovery, so the crawl upward will take some time. 2 -- The Swiss are very conscious of their currencies strength relative to the other major economies, so they won't take any action to stop a move upward. I think somewhere around 1.70 is reasonable down the road.
butterliesel sedemmler
thanks for your kind reply.
wish you a good weekend.
sedemmler butterliesel
No problem. Have a good one.
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