Technical outlook and chart setups:
The GBP/CHF pair broke below its interim trendline support earlier and is facing resistance now around the 1.4800/15 levels. The pair has found support at the Fibonacci 0.786 (1.4700 levels) of the rally between 1.4600 through 1.5100 earlier. It is recommended to remain long for now with risk at the 1.4600 levels. Only a break below the 1.4700 levels would be a worry for bulls. Immediate support is seen at the 1.4700 levels (interim) followed by 1.4600 and lower, while resistance is seen at the 1.5100 levels followed by 1.5350, 1.5400/10 and higher respectively.
Trading recommendations:
Remain long for now, stop is at 1.4600, target is open.
Good luck!
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