GBP/CHF 1H Chart Emerging Pattern: Channel Down

On a one-hour chart of GBP/CHF we have spotted a nascent channel down pattern that suggests more weakness in the Sterling in the future. However, market participants are not convinced that the pair is bearish—54% of them are long and 46% are short. The reason could be the support line at 1.4309. If this level is to be respected, we could see a descending triangle being formed. CHF/JPY 1H Chart Emerging Pattern: Channel Up After breaching the 200-period SMA CHF/JPY has been consistently

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