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08.09.201515:17 Forex Analysis & Reviews: Technical analysis of GBP/CHF for September 08, 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 08.09.2015 analysis

Technical outlook and chart setups:

The GBP/CHF pair rallied through the interim resistance of 1.4900 and is approaching the level of 1.5100 now as expected. Please note that 1.5100 is converging with fibonacci 0.618 resistance of a drop from 1.5400 to 1.4600 and backside of the trend line, which is resistance now. It is recommended to initiate short positions between 1.5060 and 1.5100, with risk at 1.5400. Immediate support is seen at 1.4900 followed by 1.4750, 1.4600, and lower, while resistance is seen at 1.5100 followed by 1.5400 and higher.

Trading recommendations:

Initiate short positions between 1.5060 and 1.5090, place stop at 1.5400, a target is open.

Good luck!

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