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30.05.2012 09:57 AM
GBP/CHF Continues To Consolidate

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Technical Outlook and Chart Setup:

The wave structure has not been changed as depicted above. We are waiting a wave 4 correction (maybe flat) towards 1.4800.  This would give further confidence to our bullish view and resume the wave 5 towards 1.5200. Patience is the key to trade this currency pair. Buy-deals are recommended between 1.4700 and 1.4800 levels.

Trade Recommendations:

Looking to buy between 1.47 and 1.48, targetting 1.5200 and 1.5400.

 

Good Luck !

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