09.10.201514:25 Forex Analysis & Reviews: Technical analysis of GBP/CHF for October 09, 2015

Long-term review

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Technical outlook and chart setups:

The GBP/CHF pair is seen to be testing its resistance, which turned into support trend line around the 1.4730/40 levels for now. The pair is expected to turn bullish from current levels until the 1.4600/80 lows remain intact. It is hence recommended to remain long for now with risk around the 1.4600 levels. Immediate support is seen at the 1.4650 levels followed by 1.4600 and lower, while resistance is seen at the 1.5100 levels followed by 1.5350, 1.5400/10 and higher. A drop below the 1.4600 levels would target the 1.4400 levels on the downside.

Trading recommendations:

Remain long, stop is at 1.4600, target is open.

Good luck!

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