empty
 
 
22.04.2015 08:19 AM
Technical analysis of GBP/CHF for April 22, 2015

This image is no longer relevant

Technical outlook and chart setups:

The GBP/CHF pair is stalling and drifting sideways around 1.4350/60 as seen on the 4-hour chart view. The pair is expected to break higher through the level of 1.4630 and higher. Bulls should remain in control util prices stay above at least 1.4100. It is hence recommended to remain long with risk at 1.4100. Immediate support is seen at 1.4100 (interim) followed by 1.3850 and lower, while resistance is seen at 1,4400/50 followed by 1.4600/30 and higher respectively. Only a drop below 1.4100 could delay matters further.

Trading recommendations:

Remain long, stop at 1.4100, a target is 1.4630

Good luck!


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 $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

Recommended Stories

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