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13.02.201514:49 Forex Analysis & Reviews: Technical analysis of GBP/CHF for February 13, 2015

Long-term review
This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.
Exchange Rates 13.02.2015 analysis

Technical outlook and chart setups:

The GBP/CHF pair has raised through the levels of 1.4360 taking our stops out at 1.4230. The pair has been steadily making higher highs and higher lows since the drop from 1.5550 to 1.1800 on January 15, 2015. The immediate resistance is seen around the handle of 1.4600/1.4700 (Fibonacci 0.786), while the support is seen at the levels of 1.4100 for now. Only a drop below the levels of 1.4100 would build a case of selling into rallies. Until then, it is safe to buy on dips. It is recommended to buy on dips into 1.4200/50 from here on with risk at the levelsof 1.4100. Bulls shall remain in control untill prices stay above the 1.4100 handle.

Trading recommendations:

Buy on dips towards 1.4200/50; stop is at 1.4100, target is at 1.4600 and 1.4700.

Good luck!


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