25 Jun 2015
GBP/CHF about to end at the highest in three months, above 1.4700
FXStreet (Córdoba) - After a modest correction yesterday, GBP/CHF resumed the upside and rallied above 1.4700 for the first time in three months. The pair is breaking a key level that could open the doors for further gains toward 1.50.
Today the pair is about post the highest close since mid-March but is about to end far from the highs. Before the US session climbed from 1.14650 to 1.4790 but then pulled back and dropped finding support at 1.4710/20. Currently trades at 1.4720/25, more than 50 pips above the level it had yesterday.
GBP/CHF technical levels
To the upside, immediate resistance lies at 1.4760/65 (June 23 high) and then 1.4800. On the opposite direction, support levels could be located at 1.4710 and then 1.4660 and 1.4630 (daily low).
Today the pair is about post the highest close since mid-March but is about to end far from the highs. Before the US session climbed from 1.14650 to 1.4790 but then pulled back and dropped finding support at 1.4710/20. Currently trades at 1.4720/25, more than 50 pips above the level it had yesterday.
GBP/CHF technical levels
To the upside, immediate resistance lies at 1.4760/65 (June 23 high) and then 1.4800. On the opposite direction, support levels could be located at 1.4710 and then 1.4660 and 1.4630 (daily low).