21 May 2015
GBP/CHF breaks above 1.4600
FXStreet (Córdoba) - GBP/CHF broke above 1.4600 and jumped to 1.4678, hitting a fresh high for the month. The pound was able to consolidate above the key 1.4615 area (May 13, 19, 20 highs) and it could post the highest close in two months.
In the United Kingdom, the retail sales report showed an increase of 1.2% in April above the 0.4% expected; core sales climbed 1.2%, also above market consensus (0.3%). The pound rallied across the board and versus the Swiss franc reached post UK election highs.
GBP/CHF technical levels
On the upside, resistance levels might lie at 1.4675/80 (daily high), 1.4700 and 1.4770. On the flip side, support now could be located at 1.4615, 1.4575 and 1.4515/20 (daily low).
In the United Kingdom, the retail sales report showed an increase of 1.2% in April above the 0.4% expected; core sales climbed 1.2%, also above market consensus (0.3%). The pound rallied across the board and versus the Swiss franc reached post UK election highs.
GBP/CHF technical levels
On the upside, resistance levels might lie at 1.4675/80 (daily high), 1.4700 and 1.4770. On the flip side, support now could be located at 1.4615, 1.4575 and 1.4515/20 (daily low).