OANDA:GBPCHF   British Pound / Swiss Franc
SEE CHART NOTES.

The overall trend has been failing to make new lows and if zoomed out (to maybe, the monthly) this is clearly visible.

Comments

I have a buy bias as well but I believe that price can reject the neckline of the M formation at 1.2923, instead of returning to the top of the impulse.
Reply
GaioCanity hdivannia
@hdivannia, Yes thats highly likely. its already over extended, but the last push was very strong and hence I think a 3rd touch to the highs is possible.
+1 Reply