GBP/CHF 1W Chart: Channel Down

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
GBP/CHF has been sliding for two years already, recently adding some bounds to the motion and sketching a channel down pattern. The pair is now testing the upper boundary of the formation, meaning that there is little hope that gains will be posted in the nearest future. It might, however, be the case where the steepness of the channel is tested and alternative trend-lines of lesser steepness could be established. We expect the rate to continue the motion near the upper trend-line, and will eye the boundary closely for potential signals of a breakout, which could mean a bullish reversal after the downward motion is concluded.
© Dukascopy Bank SA

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