GBPCHF Bearish Probability

Mar 11, 2016

• 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

Mar 25, 2016

Trade closed: target reached

All targets hit. Good trade.