Tag - chf - swiss franc

GBP/CHF looks vulnerable
GBP/CHF looks vulnerable

GBP/CHF found resistance in the 1.3100 area (resistance line connecting July and November highs).

GBP/CHF is trying to rebound
GBP/CHF is trying to rebound

On W1, GBP/CHF is trading in a descending wedge. The pair recoiled from the pattern’s lower border and turned up.

USD/CHF: the franc is supported
USD/CHF: the franc is supported

On the daily chart of USD/CHF, the return of the pair towards the resistance near the parity level (1.00), will push the pair towards the targets of the 5-0, "Wolfe Waves" and AB=CD patterns.

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