Fri, 07 Apr 2017 12:02:00 GMT
GBP/CHF 4H Chart: Channel Down
The Sterling recently hit a strong resistance cluster against the Swiss Franc and as a result a medium term descending channel is in the formation. On a large scale the currency exchange rate is in an ascending channel pattern, which is set to struggle with the 23.60% Fibonacci retracement level at the 1.2595 level in the long term. The retracement