The GBPCHF is trading near a long term resistance level:
In the short term charts, it is trading in a pretty well defined range, allowing us to trade the short term range, so here is my trading plan:
If the GBPCHF breaks the upper green resistance level, I will be looking for long opportunities
If the GBPCHF breaks the lower green support level, I will be looking only for short opportunities
If the GBPCHF keeps trading in between both green levels, there is the possibility to trade the short term range.
Tags: GBPCHF analysis