ForexTrendline

An opportunity and analysis on GBPCHF

Short
FX_IDC:GBPCHF   British Pound / Swiss Franc
Right now we don't have any trading opportunities on the major pairs.
That's when we look at the cross pairs instead.

Here we have a nice downtrend which successfully breaks below previous lows.
Now on another breakout and retest we expect to see another downside move.

The first support level here is 1,2600 followed by 1,2570.
Choose the lower target, but follow the progress of price action.

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