• FxWirePro: sell GBP/CHF on rallies

    Source: FxWire Pro - Technicals / 15 Feb 2018 07:42:17   Eastern Standard Time

    • GBP/CHF has formed a bottom at 1.29139 and shown a minor jump from that level. The pair jumped till 130 pips and is currently trading around 1.3006.
    • Any convincing break above 1.3030 confirms minor bullishness and a jump till 1.3050 likely. The near term major resistance is around 1.3050 (55- 4H EMA) and any break above will take the pair to next level till 1.31250/1.3200. It should break above 1.3245 for further bullishness.
    • On the lower side, near term support is around 1.2960 and any break below will take the pair to next level till 1.2900/1.28150 (233- day MA).

    It is good to sell on rallies around 1.3010 with SL around 1.3060 for the TP of 1.2915