Weekly trades: GBP/NZD, CHF/JPY, USD/CHF, GBP/CHF
|To coincide with the previous post, we'll trade this week GBP/NZD, CHF/JPY, USD/CHF and GBP/CHF. All trades work as 2 USD and 2 non USD. GBP/CHF easily classifies as a wide range currency pair and matches GBP/NZD but because it trades in the GBP/USD universe, it rarely trades its full potential.
Current GBP/CHF price at 1.1700's doesn't exist as it trades at 67 year lows. The nearest average is 1.1814. Further drops to GBP/CHF means a new and lower monthly average must calculate.
GBP/NZD
Long 1.9090 and 1.9067 to target 1.9353
GBP/CHF
Long 1.1749 and 1.1728 to target 1.1899
Short 1.1899 to target 1.1791
CHF/JPY
Short 114.21 and 114.21 to target 113.27.
Long 113.27 to target 113.69
USD/CHF
Long 0.9367 and 0.9354 to target 0.9485.
Short 0.9485 to target 0.9427.
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