GBP/CHF is trying to rebound

GBP/CHF is trying to rebound

Trade idea

BUY 1.2735; TP 1.2820; SL 1.2715

On W1, GBP/CHF is trading in a descending wedge. The pair recoiled from the pattern’s lower border and turned up.


On D1, we can see that the pound rose above the range, in which it stayed during the most of December. Yesterday’s candlestick showed that there’s demand for the pair around 1.2500. It retraced 50% of the November-January decline, so the advance above the 100-day MA at 1.2725 will open the way up to the next Fibo level a 1.2835.



How to trade EUR/GBP?

The way EUR/GBP bottomed around 0.8700, then rose above 0.8870 and jumped from the trendline support at 0.8910 shows that the pair possesses bullish momentum.

Latest news

Deposit with your local payment systems

Learn more

Data collection notice

FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.


A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Next callback request for this phone number
will be available in 00:30:00

If you have an urgent issue please contact us via
Live chat

Internal error. Please try again later

Don’t waste your time – keep track of how NFP affects the US dollar and profit!

Beginner Forex book

Beginner Forex book will guide you through the world of trading.

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera