While most GBP pairs were making yearly highs, GBPCHF was struggling. Perhaps its time for GBPCHF to push higher. The RSI will hold the key to this trade. Its currently sitting near 40. A reversal from here would mean, price would hit the 200 WMA and bounce.
Alternatively, RSI could dip to the lower TL and reverse from there on, which would (should) correlate with price also cutting through the 200 WMA and bounce off the TL.
Alternatively, RSI could dip to the lower TL and reverse from there on, which would (should) correlate with price also cutting through the 200 WMA and bounce off the TL.