Technical outlook and chart setups:
1. The GBP/CHF pair is stalling ahead of 1.5300 levels at the moment. High probabilities remain for the pair to correct itself towards 1.5100 levels at least before rallying further up. Recommendations are to remain flat for now and wait for the dip.
2. Support is at 1.4950, followed by 1.4780, 1.4650, 1.4550, while resistance is at 1.5300 levels respectively for now.
3. The structure indicates that GBP/CHF shall remain in control of bulls till the time prices remain above 1.4950 levels.
Trading recommendations:
Remain flat for now.
Good luck!
