GBP/CHF: Range Opportunity
Scott Barkley | Jan 11, 2023 08:45AM ET
GBP/CHF is currently at 1.1243 at the start of a run to the range top. We are looking for a move here to continue to the ATR target at the 1.1300-1314 area with a further target of 1.1376.
Watch the USDX for direction. The average daily true range (ATR) for the pair is 88 pips, and its 180-day average is 107 pips per day. USDX is currently sideways.
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