RIckytrades

Short opportunity for GBP/CHF

Short
FX:GBPCHF   British Pound / Swiss Franc
After an impressive rally for the pound for the past 10 days , immediately after the parliament vote on the Brexit deal, the pair has reached some key levels. It is currently trading at 1.310493 right at resistance level. Currently the pair is overbought according to the MACD and RSI indicator. I expect the pair to have a pull back from this level and get close to the next support level which is around 1.28596 before rallying again and breaking resistance. I expect the pair to keep the bullish signal in the long term, but in the short term I expect a pull back . hence a good short opportunity.
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