- GBP/CHF has formed a temporary bottom around 1.45990 and started to recover slightly from that level. It is currently trading around 1.4670.
- On the higher side major resistance is around 1.47150 (trend line joining 1.47935 and 1.4745) and break above confirms minor bullishness, a jump till 1.4745/1.4790 is possible .
- The pair’s support is around 1.4600 and break below confirms major weakness a decline till 1.4525/1.4480.
It is good to buy above 1.4715 with SL around 1.4670 for the TP of 1.4795
The material has been provided by InstaForex Company – www.instaforex.com