Pound to Franc exchange rate bounces on Tuesday afternoon but the overarching trend is one of weakness.
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The GBP/CHF was trading around 1.3025 late Tuesday after falling almost a percentage point thus far in the week, although signals coming from the charts suggest more losses may be just around the c…
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The technical picture for GBP/CHF is more bullish following last week’s surge which almost surpassed the key 1.3423 March highs, and broke above the 200-week moving average (MA) which was capping g…
Read more … →The Pound-to-Franc exchange rate is trading at 1.3182 at the time of writing, and our technical studies suggest the pairs rapid 2019 ascent will struggle to extend in the short-term.
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A clear break above the March highs at 1.3423 could provide confirmation of a continuation up to a target at 1.3600 or higher, although this probably wouldn't happen inside of 1-3 months.
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