GBP/CHF: New Trend?

 | Nov 10, 2014 09:18AM ET

Currently GBP/CHF is at 1.5329. We have an attempt to break the uptrend. A break of this support and we are looking for a continuation to the S4 support area @ 1.5224. A failure: look for the next wave to the upside. The average daily true range (ATR) for the pair currently is 93 pips.