JeffKip
Short

GBPCHF Bearish Probability

FX:GBPCHF   British Pound/Swiss Franc
44 0 2
  • Primarily a technical play but with the recent ECB action             , the CHF may appreciate versus other pairs as the EUR catches a bid.
  • Brexit fears, as much as they seem forgotten may take centre stage once more as the first quarterly round of Central Bank activity ends next week.
  • This contrast makes FX:GBPCHF             a favourable play.

With the break of the ascending trend-line a subsequent retest, the anticipated move is to the downside.

Target 1:
1.39300 - 1.39000

Target 2:
1.37500 - 1.38000
Trade closed: target reached: All targets hit. Good trade.
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