Scott Barkley
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Scott Barkley in Proact Traders,

$GBPCHF –wedge break?

Currently we are at 1.5278 in an ascending wedge which is bullish.  We are looking to continue to the 1.270 Fibo @ 1.5349 with an overall target to the R5 Fibo Resistance area @ 1.5424. The average daily true range (ATR) for the pair currently is 117 pips.