Speaking of getting paid at the end of every day to hold a pair, the British pound against the Swiss franc is breaking down and we are below the 1.04 level. This is getting interesting because the Swiss National Bank has lost its sense of humor more than 1 time with a strengthening Swiss franc.
Now admittedly, the British pound is not the first currency that they’re concerned about—that would be the Euro—but this is worth watching. And if you are interested in trading this market, perhaps trying to find cheap British pounds, watch the Euro against the Swiss franc. If it starts to move to the upside, then you could look at that as a potential tertiary indicator.
