GBP/CHF is currently bearish at the time of this post. We are currently at 1.2475. We have convergence in play on the hourly compressions.
We are looking for an initial move to the ATR target at the 1.2537 area with a further target of the double top at 1.2550.
Watch the DXY for any change in direction. The ATR for the pair currently is 77 pips per day and its 180-day average is 81 pips per day.