Technical outlook and chart setups:
1. The GBP/CHF pair is setting for for further correction towards at least 1.5100 levels from here on. Recommendations are to remain short, risk remains above 1.53 for now. A bullish bounce around 1.5090/1.5100 could be bought again.
2. Support is seen at 1.4900/50, followed by 1.4780, 1.4650, 1.4550 and lower while resistance is at 1.5300 respectively.
3. The structure indicates that GBP/CHF bears could remain in control till the corrective fall towards resistance turned support level around 1.5100 levels.
Trading recommendations:
Remain short, stop above 1.5300, target is 1.5100.
Good luck!
