Dukascopy
Short

GBP/CHF 4H Chart: Bearish market

FX:GBPCHF   Britisches Pfund / Schweizer Franken
The British Pound has been depreciating in a channel down against the Swiss Franc             after it touched the upper boundary of a dominant channel on January 22.
Meanwhile, a breakout occurred through the lower boundary of a triangle pattern as can be observed on the chart.
During the following trading sessions, the GBP/CHF             pair is likely to continue its bearish path until it meet a support cluster of the weekly and monthly pivot points near the 1.2888 mark. In addition, technical indicators are all giving signal to sell the pair.
could be on course for a double top on a bearish head and shoulders. What do you think?
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Dukascopy jridout1
@jridout1, you are correct, I can see H&S formed.
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