Technical outlook and chart setups:
1. There has been no significant change in GBP/CHF since yesterday. Current level is at 1.4720 and it is recommended to continue holding short positions for now. Risk remains at 1.4950/60.
2. Immediate resistance is at 1.4950/60, followed by 1.5102/30, while supports at 1.4550, 1.4400 through 1.4200 and 1.4000 respectively.
3. The structure remains bearish below 1.5120/30 from here on. The downside extensions are pointing at 1.4200 and 1.4000. Rallies from now are opportunities to go short.
Trading recommendations:
Hold on to short positions, stop at 1.5130, target open.
Good luck!
