GBPCHF: possible turning figure-11:30 (CET)

20 November 2009 @ 07:36 am EDT

Since the pair hit a new high at 1.71 last Tuesday, it corrected and is close to a very significant support at 1.6813 francs per pound. It also coincides with the AB=CD figure between 1.6814 and 1.6792. If this is confirmed, 16886 will be the first target. Below, 1.6727 will be the next important support.

Copyright 2009, Advanced Currency Markets SA, Forex Broker, All Rights Reserved

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