SusmitBanerjee
Panjang

GBP/CHF Medium Term Buy Setup

FX:GBPCHF   Pound British/Franc Swiss
The pair continued to extend weakness as was projected in my previous week update. Going ahead, prices are likely to find support around 1.3050 on further weakness and turn higher for medium term. As long as prices are holding above support of 1.3134 prices can retest 1.3280 levels.
In medium term, prices are extending gains making overlapping structures but the sequence of higher highs and higher lows are still intact.As long as 1.2955 is intact prices are likely to extend higher towards 1.3580 in coming months.
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