Technical outlook and chart setups:
1. The GBP/CHF pair has stopped us out at 1.47. At the moment prices are testing the line of resistance at 1.4740/50. A break here, would further push prices towards 1.4850/60 and higher. It is better to watch out for the reaction here before committing a direction position.
2. The immediate resistance is at 1.4850/60, followed by 1.4950/60 and 1.5120/30 while supports are at 1.4350, followed by 1.42 and lower respectively.
3. The structure reveals that bulls are gaining control back and a clear break of the resistance line at 1,4750 levels would confirm that bulls shall remain in control.
Trading recommendations.
Flat for now.
Good luck!
The material has been provided by InstaForex Company - www.instaforex.com
For detail explanation and best discovery on market trends you may visit via Technical analysis of GBP/CHF for March 27, 2014 . Thanks for your support on Technical analysis of GBP/CHF for March 27, 2014
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