|   Technicals


  |   Technicals


FxWirePro: GBP/CHF Daily Outlook

Chart - Courtesy Trading View 

Technical Analysis:

- GBP/CHF was trading 0.71% higher on the day at 1.1679 at around 13:40 GMT

- The pair has shown a break above 5-DMA, raising scope for further upside

- Price action has paused downside after 'Hammer' formation on the previous session's candle

- The pair is trading shy of 200H MA resistance, break above will fuel further gains

- Chikou span is biased higher, Stochs and RSI are on verge of bullish rollover from oversold levels

Support levels - 1.1620 (5-DMA), 1.1436 (Lower BB)

Resistance levels - 1.1691 (200H MA), 1.1827 (21-EMA)

Summary: GBP/CHF pivotal at 200H MA. Watch out for decisive break above for further upside. Next major resistance lies at 21-EMA at 1.1827.

  • Market Data

Welcome to EconoTimes

Sign up for daily updates for the most important
stories unfolding in the global economy.