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FxWirePro- Woodies pivot (Major) 
FxWirePro- Woodies pivot (Major) 
GBP/CHF chart on Trading View used for analysis
- GBP/CHF trades 0.31% higher on the day at 1.2892 at 1345 GMT, bias bullish.
- The pair is extending gains for the 4th straight week, scope for further gains on break above 200-DMA.
- Technical studies support upside in the pair. Momentum with the bulls.
- Price action above daily cloud and volatility is rising, scope for further gains.
- Next major bull target lies at 200-DMA at 1.2953, break above to see test of 50% Fib at 1.3052.
- Immediate support lies at 5-DMA at 1.2844. Break below 110-EMA will see further weakness.
Support levels - 1.2845 (5-DMA), 1.2766 (110-EMA), 1.27
Resistance levels - 1.2920 (trendline), 1.2953 (200-DMA), 1.3052 (50% Fib)
For details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.
