GBPCHF shows signs of temporary recovery
While July's bounce from 1.5 year lows has stalled for GBPCHF, the losses since then have also stalled on Tuesday, the pullback remaining within the last three-week range.
A sequence of lower daily highs has been ended which is mildly positive, though a sequence of lower weekly highs remains intact so the rally may be a temporary correction. For today though signals continue to point higher.
Management and risk description
Allow room to buy dip and raise stop to entry if the 1st target is met
Entry: Market and 1.2820, Tuesday's Marabuzo line
Stop: 1.2736, yesterday's low
Target: 1.3051, Thursday's high and 1.3208, July's top.
Time horizon: Today only
— Edited by Adam Courtenay
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