GBPCHF to find a top?GBPCHF - 24h expiry
We are trading at overbought extremes.
Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible.
This is negative for short term sentiment and we look to set shorts at good risk/reward levels for a further correction lower.
Preferred trade is to sell into rallies.
We look for a temporary move higher. Although the anticipated move lower is corrective, it does offer ample risk/reward today.
We look to Sell at 1.1505 (stop at 1.1545)
Our profit targets will be 1.1405 and 1.1385
Resistance: 1.1580 / 1.1675 / 1.1820
Support: 1.1370 / 1.1300 / 1.1155
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