GBPCHF range opportunity

Bearish:  USDX is currently going up at the time of this post.  We are currently @ 1.2386. We have the divergence in play. We are looking for an initial move to the ATR Target @ 1.2307 with a continuation to 1.2280.  Watch the USDX for any change in direction. The ATR for the pair currently is 77 pips per day and its 180 day average is 75 pips per day.

 

 

Blog Post