CyclicalWaves
Long

GBPCHF; Trend Change Possible

FX:GBPCHF   British Pound/Swiss Franc
20 0 2
This pair is at a critically important point:

- Upper area of a channel
- Long standing descending channel drawn from mid August high
- Change of polarity zone

If bulls manage to break this area, we will the August high at 1.54 might well be revisited. Taking into the overbought situation, we expect a downward pullback and then break up of the stiff resistance.

Good luck,

Cyclical Waves Group
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