GBP/CHF is facing strong resistance around 1.5560 (61.8% retracement of 1.80892 and 1.14614) and any break above would extend gain to 1.5634/1.570 in medium term. On downside minor support is around 1.5500 and any break below will take the pair to 1.5470 (23.6% retracement of 1.5250 and 1.55343) and 1.5430. Overall trend reversal only below 1.5250
Indicators (4 hour chart) CCI (50) – Buy CCI (14) – Buy Ichimoku- Buy
Recommendation: Buy GBP/CHF around 1.5525-30, SL 1.5470, Targets 1.5630/1.570.
Comments
FXMONA
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Great.........
It breaks 1.5483 key resistance level.. I hope price will retest new support which was resistance before... My pending buy order is at 1.5485
It breaks 1.5483 key resistance level.. I hope price will retest new support which was resistance before... My pending buy order is at 1.5485