Technical outlook and chart setups:
The GBP/CHF pair retraced to the anticipated levels of 1.5300/50 and pulled back. The pair is trading at the levels of 1.5340 testing the line of support. Also note that prices have bounced off its Fibonacci 0.50 levels and past resistance turned support levels as well. It is currently recommended to hold long positions taken with risk at the levels of 1.5250. Immediate support is seen at 1.5270/80 followed by 1.5200, 1.5000, and lower, while resistance is seen at 1.5570 (interim) and higher.
Trading recommendations:
Remain long with stop at 1.5250, a target is open.
Good luck!
