empty
 
 
08.04.2013 01:16 PM
GbpChf remains unchaged for now. 1.4200 should be minimum target lower

This image is no longer relevant

Technical outlook and chart setups:

A shorter view of 4H chart has been presented here. The structure remains unchanged for now with resistance fixed at 1.4530 level. The prices have carved out an intermediary/lower high at 1.4470, since then the pair has been trading in a range. Immediate resistance is 1.4400 for now. A break higher would enforce prices to move towards 1.45 again. As it was suggested last week, it is still recommended to remain short, looking into the overall bearish structure. 1.4530 remains key for a possible bullish reversal; till that time, prices should be heading south. Intermediary support levels are 1.4200, followed by 1.4030 and below 1.4. Remain short for now.

Trading recommendations:

Remain short for now, stop is at 1.4530, target at least 1.42 and below 1.4.

Good luck!

Summary
Urgency
Analytic
InstaForex Analyst
Start trade
Gana con los cambios en el valor de las criptomonedas con InstaForex.
Descarga MetaTrader 4 y abre tu primera operación.
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    UNIRSE AL CONCURSO
  • Depósito al azar
    ¡Haga un depósito en su cuenta de $3,000 y obtenga $6000 más!
    ¡En Diciembre, sorteamos $6000 dentro de la campaña Depósito afortunado!
    Obtenga la oportunidad de ganar depositando $3,000 en una cuenta de operaciones. Tras haber cumplido esta condición, se convertirá en un participante de la campaña.
    UNIRSE AL CONCURSO
  • Opere de forma inteligente, gane un dispositivo
    Recargue su cuenta con al menos $500, regístrese en el concurso y tenga la oportunidad de ganar dispositivos móviles.
    UNIRSE AL CONCURSO
  • 30% de bonificación
    Reciba un bono del 30% cada vez que recargue su cuenta
    OBTENER BONO

Recommended Stories

¿No puede hablar ahora mismo?
Ingrese su pregunta en el chat.
Widget callback