GBPCHF Idea
Technicals:
We can see price has created a resistance a left a clean top, pairing this with the MACD showing bearish weakness and DSS heading into 'oversold' territory I expect a pullback to test resistance again, forming a double top.
Economics:
The GBP has been one of the worst performing G10 currencies, a real change is required by the Sunak Government in order for investors to view the GBP in better light. The CHF has been performing and holding it's ground much better compared to the GBP. This is a clear weakness vs strength trade.
We can see price has created a resistance a left a clean top, pairing this with the MACD showing bearish weakness and DSS heading into 'oversold' territory I expect a pullback to test resistance again, forming a double top.
Economics:
The GBP has been one of the worst performing G10 currencies, a real change is required by the Sunak Government in order for investors to view the GBP in better light. The CHF has been performing and holding it's ground much better compared to the GBP. This is a clear weakness vs strength trade.
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