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dipen228
Dec 7, 2023 11:45 AM

GBPCHF H4 Short

British Pound/Swiss FrancFXCM

Description

The pound Sterling extended its reigns over the United States Dollar (USD) this week, pushing GBP/USD to the highest level in three months above 1.2700. Traders brace for the US Nonfarm Payrolls (NFP) in the upcoming week, keeping the sentiment around GBP/USD underpinned.

GBPCHF breaks and retests the support area its a great opportunity to sell the market with given targets.

Remember, trading always involves risks, and it's important to have a well-thought-out strategy and risk management plan. Additionally, consider consulting with a financial advisor or doing further research to align your trading decisions with your financial goals and risk tolerance.
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