GBPCHF– Breakout Opportunity

Jan 31, 2023
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.