Technical outlook and chart setups:
The GBP/CHF pair has finally broken out of the trading range above 1.3350/1.3400 levels as shown here. It is recommended to book at least partial profits on long positions taken earlier. Please note that 1.3350/1.3400 is now past resistance turned support and a drop again could be bought. Bulls are in control for now and the next upside challenge could be 1.4100 handle, which is also fibonacci 0.618 support of the entire drop from 1.5550 to 1.1800 levels lately. Immediate support is at 1.3350 levels, followed by 1.3200 and lower while resistance is seen at 1.4100 and higher levels respectively.
Trading recommendations:
Book full/partial profits on long positions, upside potential remains at 1.4100 levels.
Good luck!
