GBP/CHF is currently trading at 1.2287 in a range and forming a bearish flag pattern. We are looking for an initial move to the ATR target at the 1.2190 area and then the 1.2150 level.
Watch the DXY for any change in direction. The ATR for the pair currently is 100 pips per day and its 180-day average is 94 pips per day. DXY is currently trying to go up at the time of this post.
