Bearish: GBP/CHF is currently at 1.1384 after a clean reversal. With this pullback, we are looking to continue to the ATR target at 1.1324 area with a further target of 1.1300.
Watch the USDX for direction. The average daily true range (ATR) for the pair is 86 pips, and its 180-day average is 104 pips per day. USDX is currently threatening down.
