11 May 2015
GBP/CHF keeps rising, approaches 1.4600
FXStreet (Córdoba) - GBP/CHF is posing important gains for the third trading day in a row as the pound climbs across the board, still holding momentum after the results of the general election in the United Kingdom.
The pair peaked on Monday at 1.4590, the strongest level in a week and from last week lows it has now risen 750 pips. Technical indicators show overbought reading but the pair continues to rise, approaching 1.4600 and last month highs that lie at 1.4710.
GBP/CHF technical levels
A retreated from current levels could find support at 1.4525/30, 1.4450 and 1.4410. On the opposite direction, if the pair extends the rally, resistance might lie at 1.4600, 1.4665 (Apr 28 high) and 1.4700/10.
The pair peaked on Monday at 1.4590, the strongest level in a week and from last week lows it has now risen 750 pips. Technical indicators show overbought reading but the pair continues to rise, approaching 1.4600 and last month highs that lie at 1.4710.
GBP/CHF technical levels
A retreated from current levels could find support at 1.4525/30, 1.4450 and 1.4410. On the opposite direction, if the pair extends the rally, resistance might lie at 1.4600, 1.4665 (Apr 28 high) and 1.4700/10.