The GBP/CHF has bumped off of the 1.48 resistance zone, and continued the move downward today. A minor support area is needed to be overcome at the 1.46 area, and after that we could see a retest of the recent lows. Shorting this pair is preferred as the overall trend is certainly down at the moment. A long would be very difficult to justify at this time.
Written by ForexMansion.com