GBP/CHF Sees High Volatility Under The Influence Of Central Banks

Published 12/10/2015, 02:58 PM
Updated 03/09/2019, 08:30 AM
GBP/CHF
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GBP/CHF
Today GBP/CHF traders that were range-trading should earn a lot. Those ones who waited for a range breakout might dent their deposits. In the morning SNB took a decision on interest rates. Interest rates remained at the same level. GBP/CHF failed to break above resistance and rebounded. After that it reached a daily low. Demand was supported by Bank of England and here interest rates were also unchanged what brought another upward impulse.

Time-frame M30:
GBP/CHF 30-Minute Chart

If break above 1.5000 level will succeed target for upward movement is at 1.5070. Only above this level it will prove whether this rebound is likely to be a new uptrend. But if new wave of fall activates, the nearest strong support is at 1.4890 level.

Time-frame M30:
30-Minute Chart

DISCLAIMER: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision.

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