Technical Analysis – GBPCHF breaks below 138.2% Fibonacci extension, nears October 2016 lows

GBPCHF tumbled from 1.3400 on May 3, after failing to break above a previous ten-month high. The pair paused slightly around the sixteen-month low of 1.2292, before reviving the down move past 1.1864, being the 138.2% Fibo extension level of the up leg from 1.2292 to 1.3420. The MACD indicator crossed underneath its red trigger […]