Technical analysis of GBP/CHF for December 24, 2014
Technical forecast and chart patterns:
The GBP/CHF pair is silently testing the back side of the resistance level, which is supported around 1.5320 levels. A bullish strength here could drive prices towards 1.5525 levels and higher.
Instant support is seen at 1.5285 (interim), followed by 1.5075, 1.5000 and 1.4950 while resistance is seen at 1.5450/75 and 1.5550 equally.
It is suggested to continue LONG from previous positions, risk at break even. Bulls should maintain in control till prices continue above 1.5100 levels.
A push above 1.5400 levels would prove that the pair is moving towards fresh highs in the coming sessions to come.
Continue long, stop at breakeven levels, target is open.