GBP/CHF chart - Trading View
- GBP/CHF is trading 0.30% lower on the day at 1.3077 at 1255 GMT.
- The pair has bounced off 110-EMA support on Mar 31st trade.
- Recovery failed to extend momentum above 21-EMA and the pair is extending choppy trade.
- 55-EMA offers strong support at 1.3049 and break below will likely see dip till 110-EMA.
- Price action has broken above 200-DMA and holds above daily cloud. We see bearishness only below 200-DMA.
- Prospects of another rejection for May’s Brexit deal continue to weigh on the British pound.
- Incoming Brexit headlines will continue to the main driver for price action surrounding the British Pound.
Support levels - 1.3049 (55-EMA), 1.2974 (38.2% Fib), 1.2930 (trendline)
Resistance levels - 1.3143 (21-EMA), 1.3204 (Mar 27 high), 1.3330 (Feb 27/ 28 high)
For details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.
