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15 Apr 2015
GBP/CHF might continue to the upside – Varengold
FXStreet (Barcelona) - The Varengold Bank Research Team expects GBP/CHF to continue to the upside in the short-term.
Key Quotes
“The currency pair touched the long-term trend line and built a reversal pattern. It might be possible that the price will continue the long trend, if the next resistance will be broken. These pattern is a classical “shoulder-head-shoulder”, but reversed. The moving average’s showing also a long signal at short-term view.”
“Support Levels around 1.4270, 1.4128”
“Resistance Levels around 1.4452”
Key Quotes
“The currency pair touched the long-term trend line and built a reversal pattern. It might be possible that the price will continue the long trend, if the next resistance will be broken. These pattern is a classical “shoulder-head-shoulder”, but reversed. The moving average’s showing also a long signal at short-term view.”
“Support Levels around 1.4270, 1.4128”
“Resistance Levels around 1.4452”