GBPCHF Trade Idea: Using Probabilities to Target the Downside
The British Pound to Swiss Franc (GBPCHF) pair is currently facing bearish pressure due to several key fundamentals. The UK economy is grappling with persistent inflation concerns, leading to speculation that the Bank of England might need to maintain higher interest rates for an extended period. This could potentially stifle economic growth and weaken the Pound.
Meanwhile, the Swiss Franc is benefiting from its status as a safe-haven currency amidst global economic uncertainties. Switzerland's robust economic performance and the Swiss National Bank's commitment to price stability are further bolstering the Franc's strength against the Pound.
Given this bearish outlook for GBPCHF, I'm planning to utilize probabilities to get positioned into shorts.
12M:
1W:
3H:
Meanwhile, the Swiss Franc is benefiting from its status as a safe-haven currency amidst global economic uncertainties. Switzerland's robust economic performance and the Swiss National Bank's commitment to price stability are further bolstering the Franc's strength against the Pound.
Given this bearish outlook for GBPCHF, I'm planning to utilize probabilities to get positioned into shorts.
12M:
1W:
3H:
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