FxWirePro: GBP/CHF breaks major resistance at 1.3350, jump till 1.3470 likely
Major resistance- 1.3350. GBP/CHF was consolidating in narrow range after hitting high of 1.33560. The pair broken major resistance at 1.33560 on Friday and jumped till 1.33622. It is currently trading around 1.33461. On…
GBP/CHF was consolidating in narrow range after hitting high of 1.33560. The pair broken major resistance at 1.33560 on Friday and jumped till 1.33622. It is currently trading around 1.33461.
On the higher side, any close above 1.3350 will take the pair till 1.3400/1.3470 in the short term.
The near term support is around 1.3320 (Hourly Kijun-Sen) and any break below will drag the pair till 1.32800 (200- H EMA). Intraday weakness can be seen only below 1.32800. Any break below will drag the pair till 1.3220/1.31735.
It is good to buy on dips around 1.3330 with SL around 1.3280 for the TP of 1.3400/1.3470.
