Last week I wrote about the GBPCHF, back then it was in a bearish market condition, and it still is in a bearish market condition. Even when the GBPCHF has done nothing but range, we are still looking for short opportunities:
So, if we get a significant pattern with downward pressure at the upper short term resistance level, I will definitely take my short.
I have my next LT resistance level in the GBPCHF is around 1.5906
Tags: GBPCHF analysis