Weekly Market Analysis: GBP/CHF & EUR/CHF

Hello traders,

let’s hit them charts:

1. GBP/CHF

On Wednesday last week, we saw a strong rejection when price touched an area of value within an expanding descending channel. That was met by a pullback, and Friday closed with the sellers validating my bearish bias 

This week, there is a high probability that price will travel 120 to 150 pips to the NPSZ

2. EUR/CHF

Just like the GBP/CHF, the EUR/CHF closed last week validating my bearish bias, after buyers got multiple rejection below the support zone and 200ma

This week, we may see an 80 to 90 pips drop to the NPSL

What say you?

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