• Triangle breakout in play
• Pair might re-test breakout point and continue lower, given that during situations like current one, investors rush to safer assets which puts the Swiss Franc in a better place compared to the Pound
• As long as 1.2100 is holding, range bound expected
• On a successful break of the above level, there is no much support until 1.1690
• Pair might re-test breakout point and continue lower, given that during situations like current one, investors rush to safer assets which puts the Swiss Franc in a better place compared to the Pound
• As long as 1.2100 is holding, range bound expected
• On a successful break of the above level, there is no much support until 1.1690
Ramzi Abou Abdallah, CFTe, CMT
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