Technical outlook and chart setups:
1. GBP/CHF remains locked between the two support lines as seen here. Immediate structure is indicating that prices still remain above the 1.4650 mark, bulls would remain in control. Recommendations are to remain flat and await further reaction.
2. Immediate resistance is at 1.5120/30, while supports are spread through 1.4550, followed by 1.44 and lower respectively.
3. The structure reveals that possibilities remain twofold at the moment. A push through the 1.4950/60 level would certainly challenge 1.5120/30; while a break of 1.4650 would indicate further losses towards 1.44 and 1.42 respectively.
Trading recommendations:
Flat for now.
Good luck!
