Technical outlook and chart setups:
The GBP/CHF pair is confined in a trading range of 200 pips between 1.4900 and 1.5100 levelsб respectively. The pair is trading at the 1.5030 levels at the moment, looking to break higher above the 1.5100 levels in the sessions to come. It is recommended to initiate 50% long positions now and the remaining around the 1.4950/1.5000 levels with risk at the 1.4850 levels. Immediate support is seen at the 1.4900 levels followed by 1.4700, 1.4600 levels, while resistance is seen at the 1.5100 levels (interim) followed by 1.5350, 1.5400/10 and higher, respectively.
Trading recommendations:
Initiate 50% long positions now, stop is at 1.4850, target is open.
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 September 21, 2015 . Thanks for your support.
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