GBP/CHF monday update.

Have to watch what happens in the AM, but the Sterling/Franc looks like a buy again. We've got consistent steep bearish activity downward, but we're finding support n the middle of the upward fan from December low. The USD is getting sold a bit lower from Friday and early this Monday Asian session. My guess is that we'll test the 161.8 line near bounce from there. Look to buy on the way up at 1.6150 or in the 1.6450 area if not moving any lower. Maybe playing the sell at 1.6350 if the market reacts to a ceiling near that level. That would only be for a ~50 point target though and spread is high.