Investors following trend-technical indicators should avoid trading GBP/USD, and USD/CHF for now, advises Deutsche Bank based on the latest data from its technical FX scorecard.
"GBP/USD has low levels of trendiness and high volatility as measured by implied and realized volatility.
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USD/CHF is breaking new ground to the downside at 82nd percentile. The cross is not particularly stretched from RSI, but very stretched from risk reversal point of view. In terms of volatility, the pair has low realized volatility although its risk premia is on the higher side," DB notes.