Risk should get a lift if the EU softens its UK access stand

In the line of thinking that a better deal will be good for both, EURGBP should come off but maybe slower than risk will get a lift . GBPCHF broke a downward sloping trend line at 1.3055,with the 100 MA on the 4H at 1.3060.I’ve converted part of the EURGBP shorts into GBPCHF with a stop back below the break lvls @ 1.3045. Rest of EURGBP still at b/e 0.8844 to guarantee some profit on this exercise after half taken off at 0.8820 on the initial move lower.
If the plan pans out , target will be around the 200MA at 1.3182.

GBPCHF H4 20.02.2018

 

K-man

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