Pound/Franc Oscillating In 100-Pip Pennant

Published May 1st, 2009 - 03:09 GMT
Al Bawaba
Al Bawaba

GBPCHF has traded in an oscillating pennant for the last week. A consolidating trend may be seen on the chart below. Currently it looks as though short-term support may be at 1.6790 with resistance at 1.6890.