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GBP/CHF Ends Week Testing Trendline Since May 2010

posted by Avatar FXTimes 596 days ago in GBP, CHF, Technical

The GBP/CHF Weekly chart shows the market coming up against an important pivot at 1.45. This is the crossroad of a declining trendline since MAy 2010 and a previous support area in late 2010. The RSI is also about to knock at the 60 level, above which the long-term bearish momentum would be eliminated. Above the 1.45 level, the 61.8%...
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