GBP/CHF: Pair To Continue Downtrend

2022.10.06 12:11

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Bearish: currently at 1.1097 in a possible 5th wave. We have divergence for the down move. Below 1.1062, look for a move first to the 2.618 Fibo at 1.0976 with the ATR target at 1.0885.

Watch the for any change in direction. The ATR for the pair currently is 238 pips per day, and its 180-day average is 176 pips per day. USDX is currently attempting up.

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