GBP/CHF Strong risk-off as COVID Spreads in South Africa

1 min read
tarantula fx

tarantula fx

Head of Trading

Dear traders,

GBP/CHF is strongly bearish. Good entry happened during the night.

The GBP/CHF had a very good entry during the night. The market dropped significantly as the price started moving below the blue level which is the breakout point -1.2419. We can see the price moving lower and possibly the target 1.2290 is going to be hit. From there we might expect a retracement and a possible retest of 1.2378 and 1.2419.

The Analysis has been done with the Black Widow system.

Good trading,
Nenad Kerkez

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