Looking at a similar setup on GBPCHF as my analysis on GBPJPY. Price has begun retesting the bottom side of this zone. The larger trend is an overall downtrend and we may be able to grab 30 to 40 pips here as well on a sell. There is a Credit Suisse Economic Expectations report coming out at 4am Eastern/New York time, but it is not high impact so I am not against holding this trade a little longer if it jumps into nice profit.