Technical outlook and chart setups:
The GBP/CHF pair is trading around 1.4330/40 at the moment looking to retrace higher towards 1.4550 before dropping lower again. The pair might be poised to drop and form a base around 1.4100/50 in the coming trading sessions. Aggressive traders could go long now with risk at 1.4280. More conservative approach tells us to remain flat and look to buy at lower levels. Immediate support is seen at 1.4150 followed by 1.3950 and lower. Resistance is seen at the level of 1.4650 and higher respectively.
Remain flat for now, look to buy at lower levels.
The material has been provided by InstaForex Company – www.instaforex.com