GBPCHF is approaching the lower daily Bollinger Band (1.2662). Selected Alpha ranks the strength of this band at 166.54 RealStrenth points – with the full support area strength ranked at 206.84 RealStrenth points - due to the nearby support pivot 1.2649 – which reversed this currency pair earlier this month. Expect intraday reversal from the lower daily Bollinger Band (1.2662). Selected Alpha removes the guesswork from evaluating the exact strength of traditionally subjective technical analysis tools – trends, impulses, levels, areas, candlesticks patterns, FX sentiment.
The pair is also dragged down by the diverging intraday sterling and the Swiss franc sentiment.