Technical analysis of GBP/CHF for January 13, 2014
January 13, 2014 6:15 amVideo
Latest News
- Technical Analysis – EURCHF heads up after bearish spike April 24, 2024
- Overview for the EUR/USD pair on April 24th. The EU services sector has pushed the euro upwards April 24, 2024
- Video market update for April 24, 2024 April 24, 2024
- Will the BoJ disappoint once again? – Preview April 24, 2024
- Forex forecast 04/24/2024: EUR/USD, USD/CAD, Oil and Bitcoin from Sebastian Seliga April 24, 2024
- USD/JPY: trading tips for beginners for European session on April 24 April 24, 2024
- GBP/USD: trading tips for beginners for European session on April 24 April 24, 2024
- EUR/USD: trading tips for beginners for European session on April 24 April 24, 2024
- Market Comment – Stocks in the green, dollar stable as next batch of US data awaited April 24, 2024
- Technical Analysis – WTI futures tick up after bouncing off 50-SMA April 24, 2024
- Technical Analysis – GBPUSD bounces off 1.2300 but remains at risk April 24, 2024
- EUR/USD and GBP/USD: Technical analysis on April 24 April 24, 2024
- We’ve Shared Food and Ramadan Blessings in Pakistan April 24, 2024
- Key events on April 24: fundamental analysis for beginners April 24, 2024
- Trading plan for GBP/USD on April 24. Simple tips for beginners April 24, 2024
- Trading plan for EUR/USD on April 24. Simple tips for beginners April 24, 2024
- Technical Analysis of Intraday Price Movement of AUD/JPY Cross Currency Pairs, Wednesday April 24, 2024. April 24, 2024
- Technical Analysis of Intraday Price Movement of Silver Commodity Asset, Wednesday April 24, 2024. April 24, 2024
- Forecast for EUR/USD on April 24, 2024 April 24, 2024
- Forecast for GBP/USD on April 24, 2024 April 24, 2024
Technical outlook and chart setups:
1. The currency pair has retraced down up to 1.4850 as expected and discussed last week. Please note that this level is the past resistance having turned support now. It is recommended to initiate long positions at the current price (1.4880). Risk remains at 1.4800.
2. Immediate resistance is the 1.5020 level, while support levels are spread through 1.4770, followed by 1.4550, 1.4350, and lower.
3. The structure reveals that till the time prices stay above 1.4800 levels, bulls shall remain in control and print higher highs.
Trading recommendations:
Go long around 1.4870/80, set stop at 1.4800, target is open.
Good luck!
The material has been provided by InstaForex Company – www.instaforex.com
Related Posts: