Pound at major level against Swiss franc

US dollar finds support against Canadian dollar
May 22, 2018
British pound continues to fall
May 29, 2018
In this video, Chris takes a look at a currency pair that may be flying under your radar, the GBP/CHF pair. The British pound has fallen rather significantly against the US dollar, as well as the Swiss franc lately. However, there may be a bit of a divergence in this pair as the Swiss franc is so highly sensitive to what’s going on in the European Union. There are several factors on this chart that have him thinking that perhaps a bounce is in order. Either way, the candle that is forming during the May 23 session offers a bit of a binary trade, in the sense that you can take either long or short depending on the levels that are broken. With a multitude of factors coming into play, it looks as if we could get a bit of a bounce, but there’s also the alternate scenario which he takes a look at. Pay attention to this chart in this video, it could tell us where we are going over the next several sessions. Nonetheless, this is simply an opinion, and your own due diligence should be used.

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