GBPCHF: CHANNEL CONTINUATION

Bearish:  Currently we are at 1.1421.  IF we can break this support, we are looking for a move to the ATR Target @ 1.1292 area and maybe a continuation to the 0.214 Fibo @ 1.1246.  The average daily true range (ATR) for the pair currently is 210 pips.  WATCH THE USDX for more clues

 

Blog Post