We looked at major pairs GBP/USD and USD/CHF to enter buy in GBP/CHF
Here is what we see on GBP/USD.
D1/Daily time-frame:
H4 time-frame:
Observation of fundamental factors: GBP/USD fell on negative CPI data from the UK and bounced up from H4 uptrend line, it behaved in same way after falling following positive Retail Sales data from the US. Negative data thus are causing just downward retracement and GBP/USD is able to reestablish uptrend after it.
Besides our existing temporary bullish bias on USD/CHF illustrated by Anand in previous analysis, here is what we further see on USD/CHF:
Here is how we have entered buy in GBP/CHF:
