Technical outlook and chart setups:
1. Currently, the GBP/CHF pair is seen to be stalling at 1.5200 levels. The pair is expected to face stiff resistance at 1.5250 from here on and then continue drifting lower. Recommendation is to sell around the 1.5250 levels, risk remains above 1.5350.
2. Support is seen at 1.4950, followed by 1.4780 on the daily chart view, while resistance is seen at 1.5350, followed by 1.5450 respectively.
3. The structure indicates that the GBP/CHF pair could continue drifting lower towards the 1.4900 levels.
Trading recommendations:
Consider selling around the 1.5250 levels.
Good luck!
The material has been provided by InstaForex Company - www.instaforex.com
