Bullish
GBP/CHF is currently at 1.2148 after a bounce on the bottom of the range. We are looking for an initial move to the ATR target at 1.2207 area and then the 0.618 Fibo at 1.2218. Watch the USDX for any change in direction. The ATR for the pair currently is 76 pips per day and its 180 day average is 77 pips per day. USDX is currently up at the time of this post.
