Here are some charts to complement the article from previous post.
First is a daily graph of GBP-CHF, with the price move direction and extent that we expect over next 6-10 months.

From the current price behavior we can anticipate next leg up to about 2.1500. Now, what is difficult to determine here is potential low BEFORE our target is reached. Moves are large, so drawdown would also be sizeable. Bottom line is, chances are that we will not see new lows before prices experience a run up of the magnitude we expect.
Here is a snapshot of weekly chart:

On this time frame a large opward price correction looks even more likel. This entire sell off was extremely deep and fast. Historical patterns indicate that correction, if we are correct in our analysis, would take somewhat longer than the sell off. So we are looking at a price run to 2.2700-2.3000 , lasting between 12 to 24 months.
I’m talking about very large targets and long time frame. Price fluctuation could also be wide and wild, so prudent thing to do would be to use very little leverage, if any.
Mike.
![]()
![]()

