The GBP/CHF rate ended below a 38.2 percent 50-day Fibonacci in 2024, as the pound weakened slightly. Fibonacci - based off the famous infinite math sequence from 13-century Italy - is a metric often used in FX trading to find key levels of support and resistance. Essentially, the sequence potentially reveals thresholds on which traders can buy or sell assets and are typically set as profit targets. When these retracements are met, traders will act.
British pound sterling (GBP) to Swiss francs (CHF) Fibonacci retracement as of June 4, 2024
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Statista. (June 5, 2024). British pound sterling (GBP) to Swiss francs (CHF) Fibonacci retracement as of June 4, 2024 [Graph]. In Statista. Retrieved November 21, 2024, from https://www.statista.com/statistics/1336424/gbp-chf-fibonacci-retracement/
Statista. "British pound sterling (GBP) to Swiss francs (CHF) Fibonacci retracement as of June 4, 2024." Chart. June 5, 2024. Statista. Accessed November 21, 2024. https://www.statista.com/statistics/1336424/gbp-chf-fibonacci-retracement/
Statista. (2024). British pound sterling (GBP) to Swiss francs (CHF) Fibonacci retracement as of June 4, 2024. Statista. Statista Inc.. Accessed: November 21, 2024. https://www.statista.com/statistics/1336424/gbp-chf-fibonacci-retracement/
Statista. "British Pound Sterling (Gbp) to Swiss Francs (Chf) Fibonacci Retracement as of June 4, 2024." Statista, Statista Inc., 5 Jun 2024, https://www.statista.com/statistics/1336424/gbp-chf-fibonacci-retracement/
Statista, British pound sterling (GBP) to Swiss francs (CHF) Fibonacci retracement as of June 4, 2024 Statista, https://www.statista.com/statistics/1336424/gbp-chf-fibonacci-retracement/ (last visited November 21, 2024)
British pound sterling (GBP) to Swiss francs (CHF) Fibonacci retracement as of June 4, 2024 [Graph], Statista, June 5, 2024. [Online]. Available: https://www.statista.com/statistics/1336424/gbp-chf-fibonacci-retracement/
