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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
CHF
- GBPCHF - It is worth highlighting that alongside the SNB decision on Thursday, the Bank of England will also decide on rates, potentially placing GBPCHF volatility in the spotlight.
- GBPCHF is trading closer to its recent lows, and the move down this week, so far, marks an extension of the bear cycle that started May 27. The break below the 50-day EMA on Jun 4, undermines the medium-term bullish theme, however, a key support at 1.1171, the Apr 19 low, remains intact. A clear break of this level is required to highlight a stronger reversal.
- Key short-term resistance has been defined at 1.1463, the Jun 13 high. A break of it would instead be a bullish development and highlight a reversal, signalling scope for a climb towards 1.1678, the May 27 high. Pivot and Fibonacci support lies between 1.1171/57, as highlighted below.
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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