17 Mar 2015
GBP/CHF drops sharply from 1.4950
FXStreet (Córdoba) - The GBP/CHF pair lost almost two hundred pips in a few hours as the pound weakened across the board.
GBP/CHF sharp reversal
At the beginning of the European session the pair climbed sligh above yesterday’s high and reached at 1.4962, the highest prices since last Friday. Then it bounced to the downside and accelerated the decline after breaking below 1.4925 (Asian session low).
Recently printed a fresh daily low at 1.4785 and currently is hovering around 1.4810, at the same level it opened the week. The pound erased Monday’s gains against the Swiss franc in a few hours and is back testing last week lows located around 1.4760/70.
GBP/CHF sharp reversal
At the beginning of the European session the pair climbed sligh above yesterday’s high and reached at 1.4962, the highest prices since last Friday. Then it bounced to the downside and accelerated the decline after breaking below 1.4925 (Asian session low).
Recently printed a fresh daily low at 1.4785 and currently is hovering around 1.4810, at the same level it opened the week. The pound erased Monday’s gains against the Swiss franc in a few hours and is back testing last week lows located around 1.4760/70.