GBP/CHF Breaks Out

Bearish: We are currently @ 1.1868 after an ABC correction of the GBP/CHF.  We have convergence on the 60 min and we are looking for a continuation to the ATR target @ 1.1748 and then the day support  @ 1.1704 area.

Watch the USDX for direction. The ATR for the pair currently is 114 pips per day.

GBPCHF breakout

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