Technical outlook and chart setups:
The GBP/CHF pair dropped lower to 1.2830 levels before pulling higher again, as depicted on the hourly chart view here. The pair still remains in a broad consolidation range between 1.2650/1.27 and 1.3350/1.3400 respectively. As it was discussed earlier, the pair could remain into this trading range for a while before breaking out on either side. Hence, a safe trading strategy would be to buy the support (1.2700) and sell the resistance (1.3350/1.3400) respectively. The pair is bouncing higher from 1.3000 levels at the moment on the hourly time frame. An aggressive trade strategy could be to initiate long positions again at current levels, risk below 1.2700. Trade the sideways range for now.
Trading recommendations:
Buy support at 1.2700, and sell resistance at 1.3350/1.3400.
Good luck!
