FxWirePro: GBP/CHF Trade Idea

• 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