Technical outlook and chat setups:
The GBP/CHF pair is seen to be testing lows at 1.4200. It is expected to bounce higher from current levels. Minimum expectations are above 1.4410 levels. It is recommended to remain long for now, with risk at the level of 1.4180. Bulls might regain control for now and push prices higher before giving in to bears. Immediate support is seen at 1.4190 (interim) followed by 1.4000, 1.3850, and lower while resistance is seen at 1.4630 followed by 1.4800, 1.5150, and higher respectively.
Trading recommendations:
Remain long, stop at 1.4170/80, target is open.
Good luck!
The material has been provided by InstaForex Company - www.instaforex.com
