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Trading news
21 Apr 2015
GBP/CHF holds around 1.4250
FXStreet (Córdoba) - The GBP/CHF pair is about to end the day unchanged, again around the 1.4250 area. During the European session climbed above 1.4300 but failed to hold and pulled back.
On American hours, the pound weakened and pushed GBP/CHF to 1.4225, from there it bounced back to the 1.4250. Since the beginning of the week the pair is moving sideways without a clear trend.
GBP/CHF technical levels
To the downside, immediate support lies at 1.4225 (daily low) and below here at 1.4195 (Apr 20 low) and 1.4145. On the opposite direction, resistance could be located at 1.4315 (daily high) and 1.4345/50 (April 17 high).
On the fundamental perspective, the rally of the pound against the Swiss franc lost momentum as the election day approaches in the United Kingdom. While the swissy strengthened amid the Greek crisis.
On American hours, the pound weakened and pushed GBP/CHF to 1.4225, from there it bounced back to the 1.4250. Since the beginning of the week the pair is moving sideways without a clear trend.
GBP/CHF technical levels
To the downside, immediate support lies at 1.4225 (daily low) and below here at 1.4195 (Apr 20 low) and 1.4145. On the opposite direction, resistance could be located at 1.4315 (daily high) and 1.4345/50 (April 17 high).
On the fundamental perspective, the rally of the pound against the Swiss franc lost momentum as the election day approaches in the United Kingdom. While the swissy strengthened amid the Greek crisis.