Thursday, October 15, 2026

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GBP/CHF breaks major resistance at 1.4207, jump till 1.4480 is possible

Major resistance -1.4207 (Feb 10th 2016) GBP/CHF has recovered after making a low of 1.39250. it is currently trading around 1.4198 The pair has broken major resistance 1.4207 and any break above 1.4207 confirms minor tr…

By Lis Howell
1 min read
GBP/CHF breaks major resistance at 1.4207, jump till 1.4480 is possible
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  • Major resistance -1.4207 (Feb 10th 2016)
     
  • GBP/CHF has recovered after making a low of 1.39250. it is currently trading around 1.4198
     
  • The pair has broken major resistance 1.4207 and any break above 1.4207 confirms minor trend reversal, a jump till 1.4286/1.4480 is possible.
     
  • On the lower side minor support is around 1.4100 and any break below targets 1.4000/1.3920.
     
  • Overall bearish invalidation only above 1.4770 level.

It is good to buy at dips around 1.4180 with SL around 1.4070 for the TP of 1.4285/1.4480

 

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By FxWirePro Team