GBPCHF Broken Trendline clears way for further downside
GBPCHF broke through and held below trend line that began almost a year ago. PA at TP1 will be interesting and helpful in determining the strength of bears if it bounces off, or slices through the 1.47034 level. Either way, the overall picture points clearly to the downside with any upside PA providing opportunistic short entries.
The 50% retracement level at 1.40772 should prove to be a 'magnet' for price and worth waiting for ;0)
The 50% retracement level at 1.40772 should prove to be a 'magnet' for price and worth waiting for ;0)
