GBPCHF is reaching 1.30643 a major Fibo level and the mid-band of a pitchfork on a daily Timeframe. Plus I have the following reasons for Shorting GBPCHF:
1) Weighted average GBP just reached to the mid-band of the pitchfork and now it is acting as a major resistance
2) Today we have had a massive drop in UK Yields but we have not seen this depreciation in GBP plus UK Yields just visiting the lower band of an old pitchfork. This pullback soon has to be shown in Sterling crosses
3) CHF weighted average Weekly just bounding off the most recent Wedge formation.
1) Weighted average GBP just reached to the mid-band of the pitchfork and now it is acting as a major resistance
3) CHF weighted average Weekly just bounding off the most recent Wedge formation.