Based on central banking FX management practices of monetary method.
Comment
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GBPCHF consistetly to move to upward as projected and downward pressure tends to be temporary. The upper band of the medium term exchange rate target zone still far above the current rate.
Comment
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Adding Trade: Long GBPCHF at 1.3070 with stop loss at 1.3000 to target 1.3300 for 230 PIPs based on U-shape band.
Comment
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The trade performance is weak (Adding Trade: Long GBPCHF at 1.3070 with stop loss at 1.3000 to target 1.3300 for 230 PIPs based on U-shape band.)