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    Technical analysis of GBP/CHF for April 30, 2015

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    Technical outlook and chart setups:

    The GBP/CHF pair had hit 1.4700 yesterday before pulling back sharply lower to 1.4400. The pair is seen to be trading around 1.4500/10 levels for now and is expected to rally further higher. It is recommended to remain long with risk at 1.4400 and higher levels through 1.4800/30 at least. Immediate support is seen at 1.4350 followed by 1.4200, 1.4100, and lower while resistance is seen at 1.4800/30 followed by 1.4900 and higher respectively. The bulls seem to be poised to push prices higher until prices remain above 1.4350/1.4200 subsequently.

    Trading recommendations:

    Remain long, stop at 1.4350, a target is open.

    Good luck!

    Uitgevoerd door, Analytische expert
    InstaForex Group © 2007-2015

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