GBPCHF– Breakout Opportunity

Note: Advance CB Consumer Confidence shortly

Bearish: We are currently @ 1.1379in a range and a breakout of the up move. We are looking for continuation to the 0.500 Fibo @ 1.1314 area with a further target the ATR @ 1.1215. We have divergence in play. Watch the USDX for direction. The average daily true range (ATR) for the pair is 79 pips and it’s 180 day average is 97 pips per day. USDX is currently UP.

Posted to Introduction to Forex Targe… on Jan 31, 2023 — 8:01 AM

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