GBPCHF Short, Long time frame

11 Jul 2014

From my analysis, despite GBP's strenght, GBPCHF is a short and has now entered a medium term down trend, although in the long term it is in an up trend. My target would be at 1.48515 seeing as how it is the 61.8% fib level from the last swing and also an important resistance level. Just noticed the title is a little misleading, it's a Short in a longer timeframe.