empty
 
 
11.05.2012 09:44 AM
GBP/CHF Targets 1.5200

This image is no longer relevant

 

Technical Outlook and Chart Setup:

The wave structure above that has been previousely described remains the same. The single currency is directing towards the measured extension of 1.5200. It has reached the intraday highs of 1.5025/30 levels today and there is no major resistance till 1.5200. Presently support remains fixed at 1.4800-1.4850 levels. The intraday dips are expected, but they should remain well capped above 1.4850-1.4900 levels. We recommend to consider these dips as fresh buying opportunities.

Trade Recommendations:

Buy-deals around 1.4700, Stop Loss at 1.4800; targets seen at the 1.5200 level. It is possible to re-enter buying on dips.

 

Good Lucj !

Summary
Urgency
Analytic
InstaForex Analyst
Start trade
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 $8000 more!
    In March we raffle $8000 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

Recommended Stories

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