Technical outlook and chart setups:
1. As seen here, GBP/CHF has taken out resistance at 1.5000 levels recently. Yesterday's fall can be termed as corrective yet. It is recommended to remain flat for a while and allow the correction to complete.
2. Immediate temporary resistance is at 1.5020, while supports are spread through 1.4800 followed by 1.4550, 1.4350 and lower respectively.
3. The structure reveals that this correction might continue to 1.4850-1.4900 (please note this is the past resistance turned the support area). The 1.4600-1.4700 area is the best level to enter buying further.
Trading recommendations:
Remain flat for now. Shall be recommending short entries will be recommemnded soon.
Good luck!
