Technical outlook and chart setups:
The GBP/CHF pair prints yet another high at 1.5570 today. It is suggested to remain flat until a confirmation for a pullback is received. The pair needs to break below its immediate line of support and also take out the 1.5400 levels, which is immediate support. Rallies after that can be sold for further correction towards the 1.5000 levels. It is recommended to remain flat for now. Immediate support is seen at the 1.5400 levels followed by 1.5250 and lower, while resistance interim remains around the 1.5570 levels for now.
Trading recommendations:
Remain flat for now.
Good luck!
The material has been provided by InstaForex Company - www.instaforex.comFor detail explanation and best discovery on daily market trends and news you may visit via Technical analysis of GBP/CHF for November 19, 2015 . Thanks for your support.
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