GBPCHF Bearish Alt Bat Pattern UK CPI Ahead
Our latest long setup has achieved the target zone.
GBPCHF Pair has completed a Bearish Alt Pattern as seen in the H4 Chart.
Brexit optimism, relatively hawkish announcements from BoE and promising macroeconomic data from the U.K remain to be supportive for Sterling.
The U.K. CPI is scheduled to release 08:30 GMT.
A worse than expected CPI could trigger the Bearish Alt Bat Pattern.
TARGETS: 1.23900 1.23760 1.23600 1.23300.
If CPI data comes better than expected, GBPCHF is like to test 1.25100 and 1.2500 medium term.
Entry alert with targets and stop loss will be sent to members.
Important Note: New patterns may appear and some emerging patterns may become invalidated. We publish our live charts D1 H4 H1 and M30 with updates and entry alerts. – Members Only –
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GBPCHF Bearish Alt Bat: Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these securities. You should do your own thorough research before making any investment decisions. Chartreaderpro does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Forex involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility
