I have been looking at the GBPCHF for a while now as it behaved in rather lackluster trade while grinding out pips after pip until it now reached a solid resistance zone. I entered my pending orders this morning and while I do not expect more than maybe 150 – 200 pips I do think they will come with a few sharp moves lower especially if UK GDP disappoints on Friday. Stay away from this currency pair if you can’t stand the volatility which I think we may witness.