The GBP/CHF found itself up on Friday, forming a hammer in the process. The 1.36 level looks to be significant support, and the market looks like it is ready to pop for the short-term. We don't buy this market though, as the trend has been decisively down. The resulting rise in value simply invites us to sell at higher prices. A break of 1.36 would be significant, and would definitely get us short this pair.
Originally posted here
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