Friday, July 9, 2021 9:15 AM EDT
GBP/CHF is at the decision spot. We should see either a breakout or a break below. It will depend on the market momentum.

We have had 4 lower lows which is a sign of a downtrend. However the diving board pattern has been formed. If we see the break of the trend line at 1.2640, the price will be bullish. The first target is 1.2675. However, a rejection down below the 1.2610 pivot point should spark some bearish momentum. Target is 1.2655. Watch for the move and trade the price action accordingly.
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Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. On average around 80% of retail investor accounts loose money when trading with high ...
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Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. On average around 80% of retail investor accounts loose money when trading with high leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
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