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12 Mar 2015
GBP/CHF retreats to 1.5000
FXStreet (Córdoba) - ">GBP/CHF finished flat on Wednesday and is falling today signalling a pause in the rally of the pound. A month ago the pair was trading at 1.4050 and yesterday reached 1.5190, the strongest since January 15.
The pair failed to hold above 1.5150 and started to retreat. Yesterday finished at 1.5060 and today during the Asian session climbed momentarily above 1.5100 but failed to hold and dropped to 1.5000.
GBP/CHF levels to watch
During the last hours GBP/CHF has been moving sideways between 1.5055 and 1.5000. Below 1.5000, the next short term support might lie at 1.4945 and 1.4915 (March 9 low). On the opposite direction, resistance might lie at 1.5055, 1.5090 and 1.5115 (daily high).
The pair failed to hold above 1.5150 and started to retreat. Yesterday finished at 1.5060 and today during the Asian session climbed momentarily above 1.5100 but failed to hold and dropped to 1.5000.
GBP/CHF levels to watch
During the last hours GBP/CHF has been moving sideways between 1.5055 and 1.5000. Below 1.5000, the next short term support might lie at 1.4945 and 1.4915 (March 9 low). On the opposite direction, resistance might lie at 1.5055, 1.5090 and 1.5115 (daily high).