Technical outlook and chart setups:
1. The GBP/CHF pair rallied through the 1.5390 levels yesterday, as expected. Please note that this region is also the fibonacci 0.618 resistance of fall between 1.5430/40 and 1.5300/10. The pair is expected to continue lower from current levels.
2. Support is seen at 1.5300 (interim), followed by 1.5200, 1.5150 and lower while resistance is seen at 1.5430/50 respectively.
3. The structure indicates that GBP/CHF could continue drifting lower from current levels. Prices should remain below 1.5450 mark.
Trading recommendations:
Remain short, stop at 1.5450/60, target is open.
Good luck!
