Forex Trading recommendation on GBPCHF 17-05-2016 by AzaForex forex broker

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The British Pound, according to our previous trading recommendations, reached the goal. The Swiss franc was not able to withstand such an onslaught of bulls. Given that on the Forex market, the quotes of the Pound began to change rapidly in growth, we can assume that investors do not stop on the achieved results. The breakout of the resistance level is quite possible the pair to new heights.

The price is above a simple moving average 200 MA and 20 MA indicating bullish trend.
The MACD trend indicator is above zero level now, indicating bullish movement.

If the resistance level is broken you can use the following recommendation:
•             Chart timeframe: H4
•             The trade recommendation: Buy
•             The level of entry into long position: 1.4220
•             The level of profit and close the position: 1.4340 (120 pips)
 
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Possible bearish movement in the breakdown of the support level 1270
 
Forex currency pair EURUSD
Possible bullish movement in the breakout of the resistance level 1.1345
 
Forex currency pair USDCHF
Possible bullish movement in the breakout of the resistance level 0.9800
 
Forex currency pair GBPUSD
Possible bullish movement in the breakout of the resistance level 1.4530