TomProTrader

#GBPCHF-UPDATE: BEARISH FORCE, EXPECTING MOVE INTO LOWS!- #FOREX

FX:GBPCHF   Sterlina / Franco svizzero
19
Traders,

UPDATE: We have had a nice move in the money so far, expecting eventual continuation into the lows to give us our longer term target.

A nice bearish move, we had a bullish pullback into the minor highs, hitting the sideways resistance trend line and hitting the Fibonacci retracement also. We have used the 50MA as resistance, suggesting this is purpose filled agenda move to the lows.

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Best regards,
Tom
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