FxWirePro

GBP/CHF Daily Outlook

Long
FX:GBPCHF   British Pound / Swiss Franc
2
GBP/CHF is consolidating after making a high of 1.53990. Intraday trend is bullish as long as minor support 1.5350 holds.
On the downside break below 1.5350 will take the pair to 1.5304/1.5245.
The pair’s minor resistance is around 1.5380 and any indicative break above would extend gain to 1.5400/1.5445.

Indicator (1 Hour chart)
CCI (50) – Buy
CCI (14) – Buy
Ichimoku- Buy

Recommendation: Buy GBP/CHF around 1.5350-60, SL 1.5300, Targets 1.53990/1.54450.