Technical outlook and chart setups:
The GBP/CHF pair is trading around 1.4632, just shy of resistance 1.4700 as seen here. The pair looks to be overbought on the H4 chart and at least a correction should be due any moment. Bulls are poised to remain in control until prices stay above 1.4150. It is hence recommended to remain flat for now and look to buy at lower levels. Immediate support is seen at 1.4450/40, followed by 1.4250, 1.4150, and lower while resistance is seen at 1.4700 and higher respectively.
Remain flat for now and look to buy lower.
The material has been provided by InstaForex Company – www.instaforex.com