Quick Trading Levels of GBPCHF and GBPJPY – BOE and SNB Awaited! - Forex News by FX Leaders

Quick Trading Levels of GBPCHF and GBPJPY – BOE and SNB Awaited!

Posted Thursday, September 14, 2017 by
Arslan Butt • 1 min read

FX Junkies are anxiously awaiting the Bank of England (BOE) and Swiss National Bank today. Considering this, let's take a quick look at major trading levels to attain more grip over the crosses. Newbies must check out our Support and Resistance Trading Strategies to trade these levels profitably.

GBPCHF – Major Trading Levels

Support        Resistance

1.2703           1.2779

1.2672           1.2824

1.2627           1.2855

Key Trading Level: 1.2748

GBPJPY – Major Trading Levels

Support       Resistance

145.49          146.51

145.06          147.1

144.47          147.53

Key Trading Level:  146.08

While I'm working on levels, SNB just released the Libor rate decision and have decided to keep it unchanged at -0.75%. The market reaction is muted. Perhaps, the investors are waiting for the BOE at 11:00 (GMT). Good luck.

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About the author

Arslan Butt // Index & Commodity Analyst
Arslan Butt is our Lead Commodities and Indices Analyst. Arslan is a professional market analyst and day trader. He holds an MBA in Behavioral Finance and is working towards his Ph.D. Before joining FX Leaders Arslan served as a senior analyst in a major brokerage firm. Arslan is also an experienced instructor and public speaker.
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