GBPCHF Bearish Probability Short
British Pound/Swiss FrancFXCM
Description
⋅ - 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 - 1.38000Trade closed: target reached
⋅ All targets hit. Good trade.