InstaForex - Analytics

    InstaForex

    695.00 6.50/10
    61% of positive reviews
    Real

    Technical analysis of GBP/CHF for March 18, 2015


    Show full picture

    Technical outlook and chart setups:

    The GBP/CHF has broken the trend line support for now and found fibonacci 0.618 support ahead of 1.4750 as depicted here on the 4H chart. It is recommended to remain long and add fresh positions at current levels with risk below the level of 1.4650. The pair could resume rally if bounces from current levels, as the drop has been corrective. A push above 1.4950 would confirm that a meaningful bottom is in place just ahead of the level 1.4750. Immediate support is seen at the level of 1.4650 while resistance is seen at 1.4950 respectively.

    Trading recommendations:

    Remain long and add more, stop at 1.4650, target 1.5200 levels and higher.

    Good luck!


    Uitgevoerd door, Analytische expert
    InstaForex Group © 2007-2015

    To leave a comment you must or Join us


    By visiting our website and services, you agree to the conditions of use of cookies. Learn more
    I agree