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 December 19, 2024
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Statista. (December 20, 2024). British pound sterling (GBP) to Swiss francs (CHF) Fibonacci retracement as of December 19, 2024 [Graph]. In Statista. Retrieved February 11, 2025, from https://www.statista.com/statistics/1336424/gbp-chf-fibonacci-retracement/?__sso_cookie_checker=failed
Statista. "British pound sterling (GBP) to Swiss francs (CHF) Fibonacci retracement as of December 19, 2024." Chart. December 20, 2024. Statista. Accessed February 11, 2025. https://www.statista.com/statistics/1336424/gbp-chf-fibonacci-retracement/?__sso_cookie_checker=failed
Statista. (2024). British pound sterling (GBP) to Swiss francs (CHF) Fibonacci retracement as of December 19, 2024. Statista. Statista Inc.. Accessed: February 11, 2025. https://www.statista.com/statistics/1336424/gbp-chf-fibonacci-retracement/?__sso_cookie_checker=failed
Statista. "British Pound Sterling (Gbp) to Swiss Francs (Chf) Fibonacci Retracement as of December 19, 2024." Statista, Statista Inc., 20 Dec 2024, https://www.statista.com/statistics/1336424/gbp-chf-fibonacci-retracement/?__sso_cookie_checker=failed
Statista, British pound sterling (GBP) to Swiss francs (CHF) Fibonacci retracement as of December 19, 2024 Statista, https://www.statista.com/statistics/1336424/gbp-chf-fibonacci-retracement/?__sso_cookie_checker=failed (last visited February 11, 2025)
British pound sterling (GBP) to Swiss francs (CHF) Fibonacci retracement as of December 19, 2024 [Graph], Statista, December 20, 2024. [Online]. Available: https://www.statista.com/statistics/1336424/gbp-chf-fibonacci-retracement/?__sso_cookie_checker=failed