GBPCHF to turnaround at 61.8% retracement?

GBPCHF - Intraday

Buying pressure from 1.1108 resulted in prices rejecting the dip.
The current move higher is expected to continue.
Although this gives the medium term bias a mild bullish edge, we expect intraday trading to continue to be mixed and volatile.
Preferred trade is to sell into rallies.
Further downside is expected although we prefer to set shorts at our bespoke resistance levels at 1.1270, resulting in improved risk/reward.

We look to Sell at 1.1255 (stop at 1.1295)

Our profit targets will be 1.1150 and 1.1130

Resistance: 1.1250 / 1.1315 / 1.1415
Support: 1.1150 / 1.1080 / 1.0990

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