Forex trading recommendation on GBPCHF 10-06-2016 by AzaForex forex broker:
British Pound is very weak in recent days. Also coming referendum on secession of Britain from the European Union is putting pressure on its quotes. Taking this into account, Swiss franc looks more stable. If the currency pair continue falling, this will be not a conquest of the franc, but the weakness of the pound. For several days now the pound is in a downward trend, investors and traders are in no hurry to invest in the British currency. Therefore, if the price will overcome the support level 1.3855, we open a short position.
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