GBP/CHF: Channel continuation?

Scott Barkley ProAct Traders

Bearish: Currently we are at 1.2660. We are looking for a continuation to the ATR target @ 1.2611-1.2600 area and then to the 0.618 Fibo @ 1.2559. The average daily true range (ATR) for the pair currently is 86 Pips. WATCH THE USDX for more clues.

Author

Scott Barkley

ProAct Traders

Scott Barkley is the President of ProAct Traders LLC located in Round Rock, Texas. Scott graduated from the institute For Latin American Studies in Cuernavaca, Mexico.

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