Technical outlook and chart analysis:
The GBP/CHF pair is ready to rally through 1.4625, after having bottomed out around 1.4184 earlier. The pair is producing a bullish morning star candlestick pattern on the H4 chart view. It is still recommended to remain long with risk below the level of 1.4100 . Immediate support is seen at 1.4000 followed by 1.3850 and lower, while resistance is seen at 1.4400/50 followed by 1.4630, 1.4830, and higher respectively. Bulls are expected to remain in control for now.
Trading recommendations:
Remain long stop at 1.4000, a target is open.
Good luck!
