Technical outlook and chart setups:
The GBP/CHF pair has been pulling back lower since hitting the levels of 1.540/50 earlier, as seen here. The pair seems to have stalled just ahead of the level of 1.4500 and could stage a rally from here. Minimum upside is seen at 1.5000 from the current price if not higher. It is recommended to hold long positions and add fresh to the current levels with risk below 1.4500. Immediate support is seen at 1.4400, followed by 1.4200, 1.4000, and lower while resistance is seen at 1.4900, followed by 1.5000 and 1.5140/50 respectively.
Trading recommendations:
Remain long, stop below 1.4500, target is open.
Good luck!
The material has been provided by InstaForex Company - www.instaforex.com
