Chart pattern formed- Descending triangle pattern
Major support – 1.3030.
GBP/CHF has once again recovered after hitting low of 1.30309. The pair jumped till 1.30831 at the time of writing. It is currently trading around 1.30648.
It should break above 1.3100 for minor bullishness. Any convincing break above 1.3100 will take pair to next level till 1.31740 (Nov 7th 2017 high)/1.3217.
On the lower side, any break below 1.3030 will drag the pair to next level till 1.2975/1.2900.
It is good to sell below 1.3030 with SL around 1.3065 for the TP of 1.2975/1.2900.
Major support – 1.3030.
GBP/CHF has once again recovered after hitting low of 1.30309. The pair jumped till 1.30831 at the time of writing. It is currently trading around 1.30648.
It should break above 1.3100 for minor bullishness. Any convincing break above 1.3100 will take pair to next level till 1.31740 (Nov 7th 2017 high)/1.3217.
On the lower side, any break below 1.3030 will drag the pair to next level till 1.2975/1.2900.
It is good to sell below 1.3030 with SL around 1.3065 for the TP of 1.2975/1.2900.