04.04.201413:46 Forex Analysis & Reviews: Technical analysis of GBP/CHF for April 04, 2014

Long-term review

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Technical outlook and chart setups:

1. The GBP/CHF pair has finally broken out of the resistance trend line stopping us out at 1.4800 levels. The pair would want to target 1.4850 atleast from here on, before retracing. Recommendations are to remain flat for now, and look to buy lower.

2. Intermediary support is at 1.4450, followed by 1.4350, 1.4200 and lower, whir resistance is at 1.4850/1.4950/60, followed by 1.5120 respectively.

3. The structure indicated that bulls might have regained control back for the moment and they would want to target 1.4850 and subsequently 1.4950/60 levels from here on. Look to buy on retracement.

Trading recommendations:

Remain flat for now.

Good luck!

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