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- GBP/CHF has shown a good jump after forming a bottom at 1.31340. The pair broken minor resistance at 1.3320 and is currently trading around 1.33091.
- British MP’s approved the landmark “Brexit bill” in a 324 to 295 vote on Wednesday. But the legislation still faces a battle in the House of Lords.
- On the higher side, near term resistance is around 1.3350 and any break above will take the pair to next level till 1.3400 (78.6% fibo)/1.3470 (50% fibo)/1.3500.
- The major weakness can be seen below 1.32770 (4H Kijun-Sen) and any break below will drag the pair to next level till 1.3219 (233- 4H MA)/1.31735.
It is good to buy on dips around 1.3250-60 with SL around 1.3200 for the TP of 1.3350/1.3400.
