GBPCHF is back at price levels which previously provided strong resistance. This area is also near a round price level 1.3100.
This combined with the upcoming Non Farm Payroll for Switzerland coming out within a week, promises plenty of price action movement. RSI is also indicating pair is close to being oversold (was already but crept back under).
Strong resistance + 1.3100 level + brexit + NFP of strong economy = Bearish bias against GBP
But lets watch and see what the market does!
This combined with the upcoming Non Farm Payroll for Switzerland coming out within a week, promises plenty of price action movement. RSI is also indicating pair is close to being oversold (was already but crept back under).
Strong resistance + 1.3100 level + brexit + NFP of strong economy = Bearish bias against GBP
But lets watch and see what the market does!
Trade closed: stop reached
