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A final push possible on BCHGBP as it starts approaching a price line of 247.7300.

BCHGBP is heading towards 247.7300 and could reach this point within the next 8 hours. It has tested this line numerous times in the past, and this time could be no different, ending in a rebound instead of a breakout. If the breakout doesn’t happen, we could see a retracement back down to current levels.

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We expect a 120 pip movement on UB within 12 hours following the event release.

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We expect USDCHF to trend upwards right now.

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