The Pound-to-Franc exchange rate has broken above a major trendline and is consolidating before a probable extension higher. Longer-term it is predisposed to more upside should Brexit tensions unwi…
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If GBP/CHF can successfully break above the trendline it will open the way higher and suggest a much more bullish outlook, yet, in truth, some major obstacles lie in the way, and the bullish foreca…
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GBP/CHF is trading with a marginally bullish bias at the moment, and technical studies are suggesting a preference for the Pound to rise further versus the Franc although the impending vote on Ther…
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Overall our forecast remains bearish, though it is conditional on the exchange rate breaking below the hammer's lows confirmed by a move below 1.2200.
Read more … →The technical picture for GBP/CHF is complex and overall we are neutral in our outlook, expecting the sideways trend to continue: Here are the levels to watch.
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