Gbp/Chf

Gbp/chf technical analysis for 12.10.2012 by using : Auto pivot indicator.

resistance 3:1.5122
resistance 2:1.5091
resistance 1:1.5046

pivot point :1.5015

support 1:1.4970
support 2:1.4939
support 3:1.4894

The British Pound was higher against the Japanese Yen on Friday.

GBP/JPY was trading at 125.93, up 0.19% at time of writing.

The pair was likely to find support at 124.75, Thursday’s low, and resistance at 127.01, Monday’s high.

Gbp / chf is still not able to strengthen to a higher level. restrained prices and turned down from overbought level indicator mbfx asia market currently underway. Short-term consolidation trend looks down. This indicates that prices will weaken limited but still likely retrsce up. the absence of any stochastic signal in the area of ​​OB or OS makes prices move with uncertainty.

Yes indeed gone down a couple of parallel channels and reached 1.5000 ... now we see that the price is trading at 1.5000 and resistance is the more passes the line of the channel, so that the sale of the objectives around 1.4950 or lower is an adequate option ...

i think that we should sell GBPCHF as we have a resistance level on the daily chart @38.2% so i predict that this pair will move downward on the short term our target point will be@50%.

GBPCHF next week

Elliott: irregular flat correction down 1.4932
One more dip to 1.4978 - 1.4946 is likely followed by a grind higher to 1.5069.
Warning: End of trend
Technical points
Key point 1.4999
Entry point 1.4990
Elliott 1.5249
Closing 1.5006
Projection 1.4834
Trendline 1.5091
Trendline 1.4934
Supports / Resistances
Res 2 1.5133
Ex-High 1.5074
Res 1 1.5069
Pivot 1.5010
Sup 1 1.4946
Ex-Low 1.4951
Sup 2 1.4887

15 Oktober 2012
Elliott: common flat correction up 1.5074
It should test 1.5054 area after which a sell off down to 1.4971 or extended to 1.4937 area is expected.
Technical points
Key point 1.5030
Entry point 1.4992
Elliott 1.4955
Closing 1.5006
Projection 1.5028
Trendline 1.5013
Trendline 1.4975
Supports / Resistances
Res 2 1.5043
Ex-High 1.5008
Res 1 1.5024
Pivot 1.4990
Sup 1 1.4971
Ex-Low 1.4955
Sup 2 1.4937

Gbp/chf technical analysis for 15.10.2012 by using : Auto pivot indicator.

resistance 3:1.5095
resistance 2:1.5057
resistance 1:1.5031

pivot point :1.4993

support 1:1.4967
support 2:1.4929
support 3:1.4903

We can see on the chart that GBPCHF is moving around the 1.5012 resistance level now. In my view, 1.5012 is the critical level for GBPCHF today. If GBPCHF can break 1.5012 resistance, it will open a way for GBPCHF to continue going up and reach the next resistance level at 1.5104. But if fail to break that resistance, this pair may reverse here and fall. If that happen, GBPCHF may tries to reach the support level at around 1.4925

On daily chart the pair is in a very decent downlink ... minimum and maximum drop ... so consider only short positions ... may form the entry point at the level of 1.5070, ... or if you will roll back up you will need to watch as himself will conduct a pair near the channel ... could be an interesting stop ...