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- Minor trend line support – 1.3000 (trend line joining 1.27450 and 1.2828).
- GBP/CHF has formed a temporary top around 1.31850 and declined till 1.30329 yesterday. The pair weakness was mainly due to strength of Swiss Franc against all majors on account of political uncertainty in Germany. The pair has taken support near 1.3030 and shown a minor jump. GBP was trading higher against all majors on account of positive developments on Brexit and good economic data. It is currently trading around 1.30771.
- Any convincing break close below 1.2950 will drag the pair to next level till 1.2900/1.2830.
- The near term resistance is around 1.3100 and any break above will take the pair till 1.3185/1.3200. Minor bullishness only above 1.3200 (61.8% Fibo).
It is good to buy on dips around 1.3050-55 with SL around 1.3000 for the TP of 1.3185/1.3200
