• FxWirePro: GBP/CHF breaks major resistance at 1.3350, jump till 1.3470 likely

    Source: FxWire Pro - Technicals / 22 Jan 2018 02:09:46   Eastern Standard Time

    • Major resistance- 1.3350.
    • GBP/CHF was consolidating in narrow range after hitting high of 1.33560. The pair broken major resistance at 1.33560 on Friday and jumped till 1.33622. It is currently trading around 1.33461.
    • On the higher side, any close above 1.3350 will take the pair till 1.3400/1.3470 in the short term.
    • The near term support is around 1.3320 (Hourly Kijun-Sen) and any break below will drag the pair till 1.32800 (200- H EMA). Intraday weakness can be seen only below 1.32800. Any break below will drag the pair till 1.3220/1.31735.  

    It is good to buy on dips around                1.3330 with SL around 1.3280 for the TP of 1.3400/1.3470.