Since June, the GBPCHF is practically trading in between medium term ranges, once it breaks one range, it trades in another range, offering good trading opportunities. Please take a look at the next chart.

IMPORTANT: Be careful today with the Federal Funds Rate announcement.

My trading plan

As long as the GBPCHF trades below 1.7810, I’ll have a bearish bias and actually will be looking for short trading opportunities. The next long term support level s around 1.7481.

All long signals will be ignored.

Good luck!

Raul Lopez