GBP/CHF: Long Entry @ 1.7518 Up 400+ Pips Raised Stop to 1.7723

The GBP/CHF Trade I entered is still holding it's levels at the 1.79 area and I'm closely monitoring it to take profits when or if it reverses it's current direction. Should I get that signal I will then look for a short at the recent high's of the current trading channel. As you can see in the chart we are nearing that level and should the GBP break above it then we may see a revisit to the 1.85 level. Another 1000 pips - Lets hope it does.
The impending GDP Estimate and SNB Rate Decision will be a catalyst for this pairs direction and I'm prepared to exit the trade with good profits. I have raised my profit stop to 1.7723 200 pips profit should it dive off a cliff while I'm not looking.

This weeks event risks

• GBP -
  

1. Producer Price Index
2. Trade Balance
3. GDP Estimate
   

• CHF - Unemployment

1. Unemployment
2. ZEW Survey
3. Rate Decision
   

Unemployment for the Frank