Gbpchflong
GBPCHF uptrend setupprice direction: UPTREND
potential target price: 1.2023
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GWBFX
GBP Buy a Break setup.GBPCHF - Intraday - We look to Buy a break of 1.1983 (stop at 1.1956)
Daily signals are mildly bullish.
A lower correction is expected.
A break of 1.1980 is needed to confirm follow through bullish momentum.
Our bias remains bullish and further upside is expected to target resistance at 1.2060.
Our profit targets will be 1.2058 and 1.2087
Resistance: 1.1980 / 1.2000 / 1.2060
Support: 1.1940 / 1.1915 / 1.1900
GBP: To Position For A Brexit Deal; Buy GBP/CHF Targeting 1.25 Credit Agricole CIB Research likes long GBP/CHF exposure on the prospect of a Brexit EU-UK trade deal targeting a move towards 1.25.
"Our central case remains that a ‘bare -bones’ Free Trade Agreement (FTA) will be agreed between the UK and the EU. We continue to think that a trade deal is in the best interest of both the EU and the UK," CACIB notes.
"Subsequently, we think that there is a non -negligible risk that the UK and the EU will agree to a partial trade deal, focusing on the topics where the two sides can compromise. To the extent that this outcome nevertheless gives the Brexit saga a sense of finality, even a partial Brexit deal could propel the GBP higher across the board and especially vs overvalued and low -yielding currencies like the CHF," CACIB adds.
GBPCHF Might Make A Turn Soon!!! BULLISH retracement...This is a follow up on our previous analysis. From our previous analysis, we managed to sell from the top with a perfect profit. As of now, I am seeing price heading to 61.8 fib level. This will be an interesting level to see a BULLISH retracement after the fall. I will expect to see a retracement movement till 38.2 fib level as of now. If we see a clean rejection off that level BEARISH will continue from there. As of now, trade the short term BULLISH opportunity!!
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GBPCHF in ascending triangle.GBPCHF - Intraday - We look to Buy a break
Daily signals are mildly bullish.
We are trading within a Bullish Ascending Triangle formation.
Pivot resistance is at 1.2204.
A break of yesterdays high would confirm bullish momentum.
Trading within a Bullish Channel formation.
Our profit targets will be 1.2288 and 1.2318
Resistance: 1.2170 / 1.2200 / 1.2250
Support: 1.2150 / 1.2120 / 1.2100
GBPCHF Gains to be extended today.GBPCHF - Intraday - We look to Buy a break
Daily signals are mildly bullish.
50-hour EMA is at 1.1996.
We look for gains to be extended today.
Our bias remains bullish and further upside is expected to target resistance at 1.2160.
We can see no technical reason for a change of trend.
Our profit targets will be 1.2159 and 1.2188
Resistance: 1.2090 / 1.2130 / 1.2170
Support: 1.2025 / 1.2000 / 1.1970