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buckleforex
Aug 5, 2015 9:03 PM

GBPCHF options 

British Pound/Swiss FrancFXCM

Description

In the short term (before the BOE) I would expect a retest of the 23% fib and yesterdays high at 1.5240 pretty soon, perhaps a small bounce then a test of the 1.5180 highs and 38% fib. 100 hr MA should also be meeting around there by the time price gets there.

Will be watching the RSI & Stochastic to see if the bullish divergence gives way before taking a short. With the BOE coming up risk is increased of course.

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