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Filipo1
May 31, 2017 9:13 AM

GBPCHF: confirmed bearish breakout. Short

British Pound/Swiss FrancFXCM

Description

Basicaslly we had a breakout below the cloud, a re-test retracement and now back to the South. Same goes for Chikou Span having crossed below historic closes, Tenkan-sen, Kijun-sen, re-tested Kijun sen and back down again.
The weekly chart is showing some similar bearish breakout which gives more chances for the new emerging bearish trend if price action breaks below the long-term support line.

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