Technical outlook and chart setups:
The GBP/CHF pair has paused around the 1.5200/20 levels as seen here, around the fibonacci 0.50 resistance. It is still recommended to hold remaining long positions with a risk at break even. The pair might be looking to push through 1.5300 levels from here, which is also the support turned resistance zone, as depicted here. Resistance is seen at 1.5450 levels, followed by 1.5475, and 1.5550 levels while support is seen at 1.5100, followed by 1.5025, 1.4950 and lower respectively. Bulls could be looking to remain in control till 1.5300 levels at least.
Trading recommendations:
Remain long on remaining positions for now, move stop to break even levels, the target is at 1.5300.
Good luck!
The material has been provided by InstaForex Company - www.instaforex.com
