GBPCHF possible retracement, look out for EU news Friday

Although there is a heavy sell everywhere you look, for me the chart is pointing LONG to totally negate that inference, we are at a heavy support area and partially toward the bottom of a descending love tunnel.

I feel she will move up somewhere in the resistance zone highlighted where she heavily featured not so long ago.

WAIT BUT GO LONG

Commentaire:

I failed to mention, there will be a decision on whether the Swiss will be allowed to carry on with the privilege of trading stock on various EU platforms on Friday, its not looking to promising as it stands.
This should mean a bearish outlook even for the GBP pairing..