For most part of this month CHF has been the worst performing currency among majors. However, at this point we may be looking at signs of a reversal. The uptrend line on H4 time frame of GBPCHF has been broken to the downside.
The preference is to sell the pair. There could be a short while of consolidation, and if a proper corrective structure is seen, it is a good opportunity to sell GBPCHF.
Remember to use proper risk management.
Disclaimer: Our analysis and forecasts given on this website are just our point of view about the market. It is not a trading signal or investment advice.