GBP future interest rate hike likely, CHF comments disliking the high value of their currency.
Two bar low on the daily & IB4 formation, TD line breaks down on weekly & daily charts, price currently at 23% fib for weekly, and 144 fib line Vegas daily model, so some resistance, possibly due for a retrace from recent downtrend.
Who thinks short GBP/CHF, and who thinks long?
possible scenarios....?
short 2.3510
TP 2.3410
long 2.3600
TP 2.3650
there or thereabouts
Views welcome, cheers.
K.
Two bar low on the daily & IB4 formation, TD line breaks down on weekly & daily charts, price currently at 23% fib for weekly, and 144 fib line Vegas daily model, so some resistance, possibly due for a retrace from recent downtrend.
Who thinks short GBP/CHF, and who thinks long?
possible scenarios....?
short 2.3510
TP 2.3410
long 2.3600
TP 2.3650
there or thereabouts
Views welcome, cheers.
K.