JLS: GBPCHF Heading 1.2900-1.3400 in Short Term
In long and medium terms the GBPCHF bullish as confirmed by U-shape band but in short term bearish 1.3400-1.2900-1.2400. The pair is still floated above the short term central parity 1.2900. The pair will break the 1.2900 down to 1.2400 in short term.
Short trade is being continued to target the 1.2900 as well as 1.2400. At 1.2900 the pair may paused but subject to the price performance of the GBPUSD, GBPJPY and EURGBP of their average traded weighted rate. Closing the 1.2900 target and re-sell after price correction may be made but again all subject to the performance of average traded weighted rate.
Short trade is being continued to target the 1.2900 as well as 1.2400. At 1.2900 the pair may paused but subject to the price performance of the GBPUSD, GBPJPY and EURGBP of their average traded weighted rate. Closing the 1.2900 target and re-sell after price correction may be made but again all subject to the performance of average traded weighted rate.
Comment:
The 1.2400 is on-going target