GBPCHF Outlook 7-11 November, 2016 | November 6, 2016

Gbpchf seems to start bearish rally again. On stochastic indicator, it is showing downward direction. It starts to fall from overbought 80 level. So this can be good confirmation for sell entry.

On the chart, we can see that this pair has crossed 100 ema on h4 time frame. So it is indicating sell setup for this pair.

We can see horizontal resistance on the chart. Below this resistance level, we need to go for sell and above this resistance, we will go for buy with 100-150 pips target.


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