GBPCHF DAILY CHART OUTLOOK

GBPCHF

Currently analysis showing a bullish pennant / bullish triangle pattern. Still very hesitant to get in on any GBP for the following reasons:

- Price is too high to start entering
- Major move has already taken place
- High volatility due to Brexit

To be a bull in this situation:
- Wait for confirmation of the triangle break as the price is very close to the apex
- Monitor Brexit developments and parliamentary votes.

To be a bear in this situation:
- Wait for confirmation of triangle break and scalp entry back down to the previous support level.
- Monitor fundaments for any negative Brexit news / Econ data

Both trades have solid target levels.