Technical outlook and chart setups:
The GBP/CHF pair continues to trade within the trading range between 1.2700 and 1.3350/1.3400 levels respectively. It is recommended to buy near support (1.2700) and sell near resistance (1.3350/3400) for now. A break above 1.3400 levels would confirm that bulls are in control and the pair could rally towards 1.4200 levels at least, while a break below 1.2700 levels could test 1.1800 levels again. At the moment, the pair is turning lower from 1.3230 levels and could possible move towards support region around 1.2700.
Trading recommendations:
Flat for now. Look to buy around 1.2700 or sell around 1.33/34 levels.
Good luck!
