empty
 
 
07.04.2015 03:50 AM
Technical analysis of GBP/CHF for April 07, 2015

This image is no longer relevant

Technical outlook an chart setups:

The GBP/CHF pair had earlier dropped to 1.4117 and remained shy of 1.4100 before pulling back into the area around 1.4250. The pair seems to be poised to rally through 1.4800 from here in a corrective manner. It is hence recommended to remain long with risk at the level of 1.4100. Immediate support is seen at 1.4000 followed by 1.3850 and lower, while resistance is seen at 1.4460 followed by 1.4630, 1.4800, and higher respectively. A break above 1.4450/60 would confirm that GBP/CHF has resumed corrective rally.

Trading recommendations:

Remain long, stop at 1.4100, target 1.4800.

Good luck!


Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $9000 more!
    In May we raffle $9000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

Recommended Stories

Can't speak right now?
Ask your question in the chat.
Widget callback