GBP/CHF’s Head-and-Shoulders Bottom Points to Bigger Gains as BoE and SNB Diverge

GBP/CHF may be offering one of the clearest examples of how monetary policy divergence and technical analysis can reinforce each other. The cross surged to its highest level since January this week, after breaking through key near term resistance at 1.0674. More importantly, that move appears to complete a significant head-and-shoulders bottom formation, suggesting the […]

The post GBP/CHF’s Head-and-Shoulders Bottom Points to Bigger Gains as BoE and SNB Diverge appeared first on ActionForex.