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14.07.201503:40 Forex Analysis & Reviews: Technical analysis of GBP/CHF for July 14, 2015

Long-term review
This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.

Exchange Rates 14.07.2015 analysis

Technical outlook and chart setups:

The GBP/CHF pair rose through the levels of 1.4730/50 and also taken out the initial interim resistance at 1.4725 now. The pair might complete retracement at fibonacci 0.50 levels around the level of 1.4460 and has resumed its rally towards fresh swing highs. Any pullbacks from the current levels should be well supported around the levels 1.4500/25. It is hence recommended to remain flat for now and look for an opportunity to make a pullback towards 1.4500. Immediate support is seen at 1.4475 (interim) followed by 1.4400, 1.4250, and lower while resistance is seen at 1.4830 respectively.

Trading Recommendations:

Remain flat for now.

Good luck!

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