FXStreet (Edinburgh) – Strategists at Societe Generale believe the upside in GBP/CHF has further room to go.
Key Quotes
“GBP/CHF is seeing a steady uptrend after confirming a break above a multi-month triangle in June”.
“The recent up move has evolved within a daily upward channel and appears to be continuing towards the upper limit at 1.55/1.5550, i.e. the graphical level comprising the highs of 2012, 2014 and January. 1.4750/1.47 should cushion the short-term dip”.
(Market News Provided by FXstreet)