Weekly Chart Analysis: Large Triangle Setup in GBP/CHF

• GBP/CHF continues to trade within a Large Triangle
• High probability setup points to a possible to a move below Triangle's lower boundary
• Failure analysis points to a move a break above the Triangle's upper boundary

Key Levels - Current Price: 2.2775

Level    Type           Significance
2.3381   Resistance   78.6 Fib of the 2.3904-2.1463 CHF rally
2.2971   Resistance   61.8 Fib of the 2.3904-2.1463 CHF rally
2.2683   Support        50.0 Fib of the 2.3904-2.1463 CHF rally
2.2395   Support        38.2 Fib of the 2.3904-2.1463 CHF rally
2.2039   Support        23.6 Fib of the 2.3904-2.1463 CHF rally

Weekly Chart 12-23-05

Daily Chart I 12-23-05

Daily Chart II 12-23-05

Daily Chart III 12-23-05

Sam Shenker is a Technical Currency Analyst for FXCM.