Technical outlook and chart setups:
The GBP/CHF pair is stalling and drifting sideways around 1.4350/60 as seen on the 4-hour chart view. The pair is expected to break higher through the level of 1.4630 and higher. Bulls should remain in control util prices stay above at least 1.4100. It is hence recommended to remain long with risk at 1.4100. Immediate support is seen at 1.4100 (interim) followed by 1.3850 and lower, while resistance is seen at 1,4400/50 followed by 1.4600/30 and higher respectively. Only a drop below 1.4100 could delay matters further.
Trading recommendations:
Remain long, stop at 1.4100, a target is 1.4630
Good luck!
For detail explanation and best discovery on daily market trends and news you may visit via Technical analysis of GBP/CHF for April 22, 2015 . Thanks for your support.
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