VantageMarkets

GBPCHF: Sterling woes continue!

Short
VANTAGE:GBPCHF   British Pound / Swiss Franc
GBPCHF

Intraday - We look to Sell at 1.0718 (stop at 1.0813)

We look to sell rallies. There is scope for mild buying at the open but gains should be limited. The immediate bias is skewed to the upside but, with this move assessed as being corrective, we would prefer to sell into the rally. The medium term bias remains bearish.

Our profit targets will be 1.0449 and 1.0110

Resistance: 1.0700 / 1.0900 / 1.1140
Support: 1.0425 / 1.0200 / 1.0000

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