GBP/CHF breaks major trend line support, good to sell on rallies
Major trend line support – 1.460 ( trend line joining 1.4460 and 1.4535)
GBP/CHF has broken major support 1.4600 and declined till 1.4500 level. It is currently trading around 1.4570.
Overall trend is weak as long as resistance 1.4750 holds and any break above targets 1.4795/1.4836.
On the lower major support is around 1.4500 and break below targets 1.4380/1.4150.
It is good to sell on rallies around 1.460 with SL around 1.4650 for the TP of 1.4450/1.4380
GBP/CHF has broken major support 1.4600 and declined till 1.4500 level. It is currently trading around 1.4570.
Overall trend is weak as long as resistance 1.4750 holds and any break above targets 1.4795/1.4836.
On the lower major support is around 1.4500 and break below targets 1.4380/1.4150.
It is good to sell on rallies around 1.460 with SL around 1.4650 for the TP of 1.4450/1.4380