Gbp/Chf

[d3d3]

Technical Outlook and Chart Setups:
Continuing from where we left yesterday, the single currency has started /initiated its expected downswing towards 1.51-1.5090 region. We have depicted 4 convergence possibilities around the 1.5100 mark.
1. Trend line support is passing.
2. Fibonacci Retracement of the last upswing from 1.4790 to 1.5400 levels.
3. Fibonacci extensions of the latest downswing from 1.5400 to 1.5250 levels.
4. Past Resistance turned to support region.
Hold on to short positions for now towards 1.5100 levels. Use intraday upswings as opportunities to enter selling.
Trading Recommendations:
Hold short positions, target 1.5100 level.

Published: 2012-08-01 07:46:34 UTC+00 4 hours, 15 min. ago

[susanto]

london is the busiest session after session in NY need to underline that the liquidity and volatility stabilized slightly if we can find the exact hour when trading

[copinedekatia]

the most likely scenario

the pair can move up to test the 1st resistance on 1.5310

alternative scenario

the pair can move down to test the 1st support on 1.5260

[misqeq]

Elliott: common flat correction up 1.5478
Current rise should end around 1.5404 or 1.5424. Objectives of this downmove are 1.5350 or 1.5309. A rise above 1.5457 is again bullish.
Warning: Imminent end of bullish move
Technical points
Key point 1.5432
Entry point 1.5410
Elliott 1.5252
Closing 1.5391
Projection 1.5478
Trendline 1.5342
Trendline 1.5432
Supports / Resistances
Res 2 1.5457
Ex-High 1.5416
Res 1 1.5424
Pivot 1.5383
Sup 1 1.5350
Ex-Low 1.5342
Sup 2 1.5309

[expert]

The trend on this pair (GBPCHF) ook on sideways first. The price now near that supply area (daily TF), And look difficult to break up more that supply area. So, on my see = it's better to just ignore this pair and just wait and see with this sideways price (near that supply area = 1.5366). Then, if the price on next price move can be move down more that 23.6 fib (1.5332) = I see price pullback bearish = will probably start here.

[neajctg01]

GBPCHF
two hours ago market was buy . in the time you buy your gbpchf...........
bid ask spread
1.5364 1.5371 07

[copinedekatia]

the most likely scenario

the pair can move up to test the 1st resistance on 1.5410

alternative scenario

the pair can move down to test the 1st support on 1.5360

[ladyheart]

GBPCHF M15 - RISING WEDGE

SELL SINCE PRICE BREAKOUT THE LOWER TRENDLINE.
TARGET SELL AT 1.5332.

[expert]

the pair has close above pivot point at level 1.5330 thats mean bullish momentum is still on the way and that's will lead the movement to reach level 1.5380 in europe session i think or maybe at usa session. good luck..

[marwa]

The GBPCHF on look nice to probably bearish - I see the daily TF condition show this bearish probability So, of course with this clear look search for nice Sell OP here (using smaller time frame) better idea, I see.