Technical outlook and chart setups:
The GBP/CHF pair has bounced off sharply from the 1.5000 lows made on December 16, 2014. The pair could be traded on the long side now, with every dips. It is recommended to remain long from earlier and also look to add further positions on dips, risk can be moved to break even levels. Immediate support is seen at 1.5000 levels (interim), followed by 1.4950 and lower while resistance is seen at 1.5350/60, followed by 1.5450/75 and 1.5550 levels respectively. Bulls are expected to remain under control till prices remain above 1.5000 levels now.
Trading recommendations:
Remain long, stop at break even, the target is open.
Good luck!
The material has been provided by InstaForex Company - www.instaforex.com
