Technical outlook and chart setups:
The GBP/CHF pair is trading around 1.4555 now and is looking to be pushed higher. It is hence recommended to exit short positions and initiate long positions with risk at 1.4400. The pair would accelerate its rally once it crosses the 1.4600/30 hurdle and it would open doors for 1.4780 in the sessions to come. Immediate support is seen at 1.4450 levels followed by 1.4350, 1.4200, and lower, while resistance is seen at 1.4630 followed by 1.4800, 1.4900, and higher respectively. Bulls seem to be poised to remain in control for now.
Trading recommendations:
Exit short positions. Initiate long positions with stop at 1.4400 levels, a target is open.
Good luck!
