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Finchcliffe
Oct 17, 2023 10:37 PM

GBPCHF: Retest incoming, then down Short

British Pound/Swiss FrancFXCM

Description

We've broken out of a long-standing sideways channel to the lower side, now bouncing off support to retest the broken channel.

I'm expecting a big dump in this paid once the retest is complete, UK economy vs Swiss economy, interest yields etc, no comparison.

The Swiss has been a stand-out performer against most crosses this year, GBP has been clinging on but I think we'll drop again soon.

Comment

Still looking ok
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