- Primarily a technical play but with the recent ECB action, the CHF may appreciate versus other pairs as the EUR catches a bid.
- Brexit fears, as much as they seem forgotten may take centre stage once more as the first quarterly round of Central Bank activity ends next week.
- This contrast makes
GBPCHF
a favourable play.
With the break of the ascending trend-line a subsequent retest, the anticipated move is to the downside.
Target 1:
1.39300 - 1.39000
Target 2:
1.37500 - 1.38000
Trade closed: target reached:
All targets hit. Good trade.
