- Chart pattern- Triple top.
- Major resistance- 1.3470.
- GBP/CHF has jumped almost 325 pips from the minor bottom at 1.3135 formed on Dec 29th 2017. The pair formed almost triple top around 1.3470 and started to decline from that level.
- On the higher side, any major bullishness can be seen only above 1.34700 level. Any break above will take the pair to 1.350/1.3580 (127.2% fibo).
- The near term support is around 1.3374 (5- day MA) and any break below will drag the pair till 1.3338/1.3300. The minor weakness can be seen below 1.3280.
It is good to sell on rallies around 1.3455-60 with SL around 1.3470 for the TP of 1.3300/1.3280.
Resistance
R1-1.3470
R2 -1.350
R3-1.3580
Support
S1-1.3375
S2-1.3338
S3- 1.3280
