17 Dec 2014
GBP/CHF recovers above 1.5100
FXStreet (Córdoba) - GBP/CHF is rising for the second day in a row after, recovering after falling on Tuesday to 1.4993, the lowest price in three weeks. Recently the pair printed a fresh at 1.5168.
The pound gained momentum in the market on Wednesday after UK employment data and Bank of England’s minutes and so far is the best performer among European currencies.
Yesterday, on a volatile session GBP/CHF dropped sharply from 1.5100 to 1.4990 but then rebounded and erased losses to finish the day above 1.5100.
GBP/CHF technical levels
To the downside support might be located at 1.5060, 1.5010 and 1.4990 (Dec 16 low). On the opposite direction, resistance could lie at 1.5165 (daily high) and above here at 1.5190 (Dec 16 high) and 1.5245.
The pound gained momentum in the market on Wednesday after UK employment data and Bank of England’s minutes and so far is the best performer among European currencies.
Yesterday, on a volatile session GBP/CHF dropped sharply from 1.5100 to 1.4990 but then rebounded and erased losses to finish the day above 1.5100.
GBP/CHF technical levels
To the downside support might be located at 1.5060, 1.5010 and 1.4990 (Dec 16 low). On the opposite direction, resistance could lie at 1.5165 (daily high) and above here at 1.5190 (Dec 16 high) and 1.5245.