GBPCHF

13 במרץ 2020

GBPCHF already reached to the bottom. And we can see technically the formation of bullish harmonic pattern. Looks like BOE rate cut decision helped the pound to gain some ground however the parity dropped after Trump canceled all flights from Europe to USA. However I find this coronavirus pandemic effect as a hype and it reminds me 2018 Sep-Oct moevements in the market when equities dropped more than 25% and safe haven currencies gained some ground. I think the worst period for equities market are behind and now it is time for all the market togain back losses. The same thing we can expect from GBPCHF.