The GBP/CHF is still bearish, despite the retracement. If the market manages to stay below 1.2680 we should see a continuation down.

GBPUSD

1.2635 zone is bearish for the pair. Rejections below are targeting 1.2596 and 1.2541. However a 4h close above 1.2635 might make a bullish move towards 1.2680. At this point we could see a continuation lower but watch for the GBP news today. Below 1.2541 we should see a move down towards 1.2495.

GBPCHF

 


 

The analysis has been done with the CAMMACD.Core System.

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