GBP/CHF is currently going down at the time of this post. We are now at 1.2433.
We have convergence in play. We are looking for an initial move to the average true range (ATR) target) at the 1.2509 area with a continuation to the daily chart resistance at 1.2591.
Watch the DXY for any change in direction. The ATR for the pair currently is 65 pips per day, and its 180-day average is 71 pips per day.