26 May 2015
GBP/CHF holds near May highs
FXStreet (Córdoba) - GBP/CHF rose on Tuesday for the second day in a row and managed to erase Friday’s losses climbing back toward May highs.
The pair dropped during the European session to 1.4570 but then bounced to the upside and recently printed a fresh daily high at 1.4661. Currently trades above 1.4650. Last week GBP/CHF reached on Friday at 1.4680 the strongest level since April 29 and then retreated, finding support above 1.4530.
The pound, that on Tuesday was the best performer among european currencies, holds a bullish tone against the Swiss franc. From a technical perspective the upside remains limited below 1.4700, a break above could trigger an extension of the rally.
The pair dropped during the European session to 1.4570 but then bounced to the upside and recently printed a fresh daily high at 1.4661. Currently trades above 1.4650. Last week GBP/CHF reached on Friday at 1.4680 the strongest level since April 29 and then retreated, finding support above 1.4530.
The pound, that on Tuesday was the best performer among european currencies, holds a bullish tone against the Swiss franc. From a technical perspective the upside remains limited below 1.4700, a break above could trigger an extension of the rally.