Technical Analysis – GBPCHF holds in consolidation pattern, unlikely to break out soon

GBPCHF has been consolidating since reaching a 7-month peak of 1.3307 in December, forming a ceiling around 1.2850 and a floor around 1.2530 in a sideways range. It’s worth pointing out though, that price action has recently moved below the Ichimoku cloud, suggesting that the risk of a breakout below the range is greater than […]