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30 Dec 2014
GBP/CHF climbs to 1-week highs, eyes 1.5400
FXStreet (Córdoba) - The pound recovered against the Swiss franc after losing ground yesterday and managed to break above 1.5375 and reached at 1.5386 the highest price since December 19.
The GBP/CHF pair remains unable to reach 1.5400. The area between the mentioned level and 1.5380 has become a key short term resistance; a break higher would take the price to the strongest level in more than a month and expose 1.5450/55 where November highs area located.
The pound is the best performer among European currencies on Tuesday, recovering bullish momentum after moving sideways during the last five trading days.
The GBP/CHF pair remains unable to reach 1.5400. The area between the mentioned level and 1.5380 has become a key short term resistance; a break higher would take the price to the strongest level in more than a month and expose 1.5450/55 where November highs area located.
The pound is the best performer among European currencies on Tuesday, recovering bullish momentum after moving sideways during the last five trading days.