Technical outlook and chart setups:
1. The GBP/CHF pair still remains below 1.4950/60. It is recommended to remain flat for now and enter again after a break below 1.4700 or 1.4950/60.
2. Immediate resistance is at 1.4950/60 (intermediary), followed by 1.5120/30, while supports are spread through 1.4620/30 (intermediary), followed by 1.4550, 1.4350 and lower respectively.
3. The structure reveals that GBP/CHF needs to breakout of either 1.4950/60 or 1.4700 for further directional clarity.
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 February 28, 2014 . Thanks for your support on Technical analysis of GBP/CHF for February 28, 2014
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