empty
 
 
25.07.2013 08:59 AM
GBP/CHF rally to continue; 1.4270/75 is support

This image is no longer relevant

Technical outlook and chart setups:

The single currency pair was expected to begin retracement lower, as discussed earlier. On shorter time frames, it looks like the pair is ready to take support from lower levels (around 1.4270/75), before the next bull run begins. Intermediary support is at the 1.4200 level, which is also at the rising trend line, followed by 1.4075 and lower; while immediate resistance is at the 1.4800 level, followed by 1.5. It is recommended to remain long for now and add further positions after dips around the 1.4270/75 mark. Bottomline: Look higher after retracement levels, till the 1.4200 level is intact.

Trading recommendations:

Remain long for now, stop below 1.4200, target open.

Good Luck!

Summary
Urgency
Analytic
InstaForex Analyst
Start trade
通过InstaForex赚取加密货币汇率变动的收益。
下载MetaTrader 4并开启您的第一笔交易。
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $6000 more!
    In December we raffle $6000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

推荐文章

现在无法通话?
提出您的问题,用 在线帮助.
Widget callback