GBP/CHF (Wide View): More Pain for the Pound

FX:GBPCHF   British Pound / Swiss Franc
104 0 0
Rejection at cluster resistance near 1.55 in July 2012 installed the head of a potential H&S top on GBP/CHF             . With a mildly downsloping neckline cutting across 1.37-1.38 for the remainder of 2013, a break below targets 1.25, near the cyclical low established in mid-2011.
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