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    Technical analysis of GBP/CHF for May 13, 2015

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    Technical outlook and chart setups:

    The GBP/CHF pair is still testing the trend-line resistance around 1.4450/60. The pair could reverse lower from the current levels proving that it remains in the sell zone of the resistance trend-line. It is hence recommended to remain short with risk around 1.4630/50. Immediate support is seen at 1.4300/30 followed by 1.4150, 1.4000, and lower, while resistance is seen at 1.4700 followed by 1.4800, 1.4950, and higher respectively. Bears should remain in control until prices stay broadly below the level of 1.4700.

    Trading recommendations:

    Remain short, stop at 1.4650, a target is open.

    Good luck!

    Uitgevoerd door, Analytische expert
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