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Pound-Franc Rate Expected to Break Through Support

  • Written by Joaquin Monfort

Swiss Franc

Studies of the GBP/CHF charts indicate the downtrend remains dominant and intact despite the pair reaching key historic lows, and this suggests a bearish bias over the short-term.

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Pound-Franc Rate Finds Floor at Major Multi-Year lows

  • Written by Joaquin Monfort

CHF

GBP/CHF is already 0.80% down since the start of the week, but studies of the charts indicate the pair is trading on a major historic floor, and this could provide some welcome relief.

Read more: Pound-Franc Rate Finds Floor at Major Multi-Year lows

Pound-Franc Trading Along Major Trendline, Bias Still Bearish

  • Written by Joaquin Monfort

CHF

The Pound-to-Franc exchange rate is trading at around 1.2383 at the time of writing and has entered its tenth down week in a row. Studies of the charts indicate the pair is finding support on a major floor and its sideways trend will probably prolong over the next few days.

Read more: Pound-Franc Trading Along Major Trendline, Bias Still Bearish