28 Nov 2014
GBP/CHF falls toward 1.5100
FXStreet (Córdoba) - After hovering around 1.5160 during hours, GBP/CHF rose to 1.5685 (daily high) and then turned sharply to the downside, falling to 1.5102, the lowest price since November 21.
The pair remains near daily lows amid a stronger Swiss franc. During the last few hours GBP/USD moved sideways around 1.5700, while USD/CHF dropped almost 50 pips. The Swissy is the best performer on Friday among European currencies.
GBP/CHF technical outlook
The pair is consolidating below an important short term support located around 1.5120 and is testing 1.5100; a break below could signal further weakness for the pound. For the coming hours the trend is bearish, but on a wider perspective, the pair remains sideways, as long as it hold above 1.4960.
The pair remains near daily lows amid a stronger Swiss franc. During the last few hours GBP/USD moved sideways around 1.5700, while USD/CHF dropped almost 50 pips. The Swissy is the best performer on Friday among European currencies.
GBP/CHF technical outlook
The pair is consolidating below an important short term support located around 1.5120 and is testing 1.5100; a break below could signal further weakness for the pound. For the coming hours the trend is bearish, but on a wider perspective, the pair remains sideways, as long as it hold above 1.4960.