GBPCHFWith the release of the Rightmove House Price Index this morning showing falling house prices in the UK we still have no reason to be bullish on the Pound.
GBPCHF has been in a strong downtrend of late, indicated by the lower lows and lower highs on our chart. We are looking at a very simple swing trading opportunity here by selling at the Weekly Central Pivot Point, IF an opportunity to enter a trade presents itself.
If not, we will re-assess at the 61.8& Fibonacci retracement level.
