By ForexMansion.com
The GBP/CHF broke through the 1.48 level this week, and slammed into resistance at the 1.4950 area. The 1.50 area needs to be cleared in order to buy at this point, as it is a strong area. A break below 1.48 could signal new selling, but this week was a bit of a statement of strength. Look for this pair to go sideways until more buyers enter in order to push it higher.
Originally posted here
