Technical outlook and chart setups:
1. The GBP/CHF pair is seen to be stalling at 1.5350/60 levels as seen here and looks to have produced a bearish evening star candlestick signal. Recommendations are to initiate short positions, risk remains at 1.5400/10.
2. Support is seen at 1.5150/40, followed by 1.4950, 1.4780 and lower while resistance is at 1.5350/60 respectively.
3. The structure indicates that GBP/CHF may be topping around the current levels in favor of the downside trend.
Trading recommendations:
Initiate short positions stop at 1.5400/10, target is open.
Good luck!
