Fear Drives The GBPCHF Into the Ground

Discussion in 'Technical Analysis' started by FXStreet_Team, Apr 8, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    The Pound has proved to be one of the most reliable of short positions in the past number of months. Driving the prodigious fall from grace is an overwhelming and palpable fear over the economic health of the UK, especially as the Brexit referendum looms. Predictably, in the face of uncertainty and fear we can see the CHF come to the forefront to soak up the capital fleeing the UK. Firstly, it doesn’t take much imagination to visualise the bearish channel that has constrained the GBPCHF over

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