Trading Conditions
Products
Tools
Technical outlook and chart setups:
1. The GBP/CHF pair bounced off the fibonacci 0.382 support levels and printed fresh highs around 1.5330 levels. Immediate upside is still seen around the 1.5410/20 mark as seen here; before the pair could produce a meaningful bounce.
2. Support is seen at 1.5140, followed by 1.4950, 1.4900, 1.4780 and lower, while resistance is seen at 1.5410/20 levels respectively.
3. The structure indicates that the GBP/CHF pair could still push higher towards 1.5410/20 levels.
Trading recommendations:
Remain flat for now. Buy on dips utill prices are above 1.5150.
Good luck!
InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.