Get started
mansur7

GBPCHF Rectangle Break on the Downside

Short
British Pound / Swiss Franc (FX:GBPCHF)  
mansur7 Updated   
FX:GBPCHF   British Pound / Swiss Franc
Chart Patterns Rectangle Fundamental Analysis
4
8
chartpattern rectangle fundamental
GBPCHF broke out 1.105 on Friday. It has been stuck in a range for almost a year now.

In the current environment, CHF is the best safe haven play.

Technically, 105.50 would be the target but 106.50 seems more prudent.
Comment:
Break and retest happening now. Expect GBPCHF to move lower again from here.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.