Technical outlook and chart setups:
The GBP/CHF pair rallied through the resistance zone around 1.4900 levels today. The pair is trading at the level of 1.4875 now. It formed an interim support at the level of 1.4750. In case the pair moves through 1.4900, it will find resistance around 1.5050/1.5100. It is recommended to remain long from yesterday, but with risk shifted to 1.4750. Immediate interim support is seen at the levels of 1.4750 followed by 1.4600, 1.4450, and lower while resistance is seen at 1.4900 (interim) followed by 1.5050 and higher.
Remain long for now and move stop at break even or 1.4750 levels, a target is open.
The material has been provided by InstaForex Company – www.instaforex.com