empty
 
 
29.09.2015 03:26 PM
Technical analysis of GBP/CHF for September 29, 2015

This image is no longer relevant

Technical outlook and chart setups:

The GBP/CHF pair dropped through the levels of 1.4700 just below the trend-line support as seen here. Please note that the fibonacci 0.786 support is seen in the area where prices have stalled. A break below 1.4700 would target 1.4600 and lower subsequently. It is recommended to remain long for now with risk at 1.4600. Immediate support is seen at the levels of 1.4600 followed by 1.4450 and lower, while resistance is seen at the levels of 1.4950 followed by 1.5100, 1.5350, and higher. Bulls could possibly regain control until prices stay above 1.4600.

Trading recommendations :

Remain long with stop set at 1.4600, a target is open.

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 $9000 more!
    In May we raffle $9000 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