GBP/CHF –Range in a range Opp

May 08, 2023

Bearish: We are currently @ 1.1245 in a range and it appears we have put in the top.  We are looking for a continuation to the 1.000 Fibo @ 1.1191 with a further target the ATR @ 1.1173 area. Watch the USDX for direction. The average daily true range (ATR) for the pair is 75 pips per day and it’s 180 day average is 89 pips per day. USDX is currently at the bottom of the range and should start moving up.