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FxWirePro: GBP/CHF faces minor trend line resistance at 1.4710, good to sell on rallies

GBP/CHF has made a low of 1.4530 and recovered from that level .I t is currently trading at 1.4681. It is facing minor trend line resistance around 1.4710 (trend line joining 1.49260 and 1.4865) and any further bullishne…

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FxWirePro: GBP/CHF faces minor trend line resistance at 1.4710, good to sell on rallies
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GBP/CHF has made a low of 1.4530 and recovered from that level .I t is currently trading at 1.4681.

  • It is facing minor trend line resistance around 1.4710 (trend line joining 1.49260 and 1.4865) and any further bullishness can be seen only above that level.
     
  • Break above 1.4710 will take the pair to next target 1.4790/1.4860.
     
  • On the downside minor  support is around 1.4650 and break below will drag the pair to next target around 1.4600/1.4535.

It is good to sell on rallies around 1.4700 with SL  around 1.4750 for the TP of 1.4600/1.4540.

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