Thursday, August 13, 2009

Short-Term Forex Technical Outlook: GBP/CHF

Written by David Song, Currency Analyst
The British pound weakened against the Swiss franc for the fourth day, but looks to be finding short-term support near the 50-Day moving average (1.7743), and the GBP/CHF may continue trend higher over the near-term as market sentiment improves.
Currency Pair: GBP/CHFChart: 60 Min ChartsShort-Term Bias: Bullish

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