empty
 
 
04.07.2014 04:22 AM
Technical analysis of GBP/CHF for July 04, 2014

This image is no longer relevant

Technical outlook and chart setups:

1. The GBP/CHF pair bounced off the fibonacci 0.382 support levels and printed fresh highs around 1.5330 levels. Immediate upside is still seen around the 1.5410/20 mark as seen here; before the pair could produce a meaningful bounce.

2. Support is seen at 1.5140, followed by 1.4950, 1.4900, 1.4780 and lower, while resistance is seen at 1.5410/20 levels respectively.

3. The structure indicates that the GBP/CHF pair could still push higher towards 1.5410/20 levels.

Trading recommendations:

Remain flat for now. Buy on dips utill prices are above 1.5150.

Good luck!

Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • 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 $1000 more!
    In April we raffle $1000 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
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

Recommended Stories

Can't speak right now?
Ask your question in the chat.
Widget callback