InstaForex - Analytics


    699.25 6.25/10
    61% of positive reviews

    Technical analysis of GBP/CHF for May 27, 2015




    Show full picture



    Technical outlook and chart setups:

    As discussed yesterday, there was no significant changes in the price action up to now and the GBP/CHF pair is preparing for a retracement before resuming its rally. The pair is trading around the level of 1.4650 at the moment and might want to test 1.4700/10 before reversing lower towards 1.4150. It is recommended to remain short and look to add further around the levevl of 1.4700 with risk around 1.4760. Immediate support is seen at 1.4530 levels followed by 1.4400, 1.4300/50, and lower. Resistance is seen at 1.4700/10 followed by 1.4850 and higher respectively.

    Trading recommendations:

    Remain short for now, stop at 1.4760, a target is open.

    Good luck!

    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