The pair has bounced off 20-DMA support and we see weakness only on break below.
Technical studies support upside.
We see stiff resistance at 1.31 (major trendline resistance). Break above will see upside continuation.
Support levels - 1.3063 (5-DMA), 1.2992 (20-DMA), 1.2871 (55-EMA)
Resistance levels - 1.31 (trendline), 1.3120 (Jan 28 high), 1.3172 (Nov 8 high)
Good to stay long above 1.31, SL: 1.3060, TP: 1.3170
Technical studies support upside.
We see stiff resistance at 1.31 (major trendline resistance). Break above will see upside continuation.
Support levels - 1.3063 (5-DMA), 1.2992 (20-DMA), 1.2871 (55-EMA)
Resistance levels - 1.31 (trendline), 1.3120 (Jan 28 high), 1.3172 (Nov 8 high)
Good to stay long above 1.31, SL: 1.3060, TP: 1.3170
Note
GBP/CHF at 1.32...Note
Pound spikes on reports that UK PM May is ready to postpone Brexit
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.