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21.04.201509:51 Forex Analysis & Reviews: Technical analysis of GBP/CHF for April 21, 2015

Long-term review

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Technical outlook and chart analysis:

The GBP/CHF pair is ready to rally through 1.4625, after having bottomed out around 1.4184 earlier. The pair is producing a bullish morning star candlestick pattern on the H4 chart view. It is still recommended to remain long with risk below the level of 1.4100 . Immediate support is seen at 1.4000 followed by 1.3850 and lower, while resistance is seen at 1.4400/50 followed by 1.4630, 1.4830, and higher respectively. Bulls are expected to remain in control for now.

Trading recommendations:

Remain long stop at 1.4000, a target is open.

Good luck!

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