Technical outlook and chart setups:
1. The GBP/CHF pair is seen to be stalling ahead of 1.4900 levels. Since last 2 trading sessions, the pair has produced indecision candles; a bearish day here will confirm that it is heading towards 1.4700 levels at least. Recommendations are to remain short, risk remains at 1.4950/60 levels for now.
2. Support is seen at 1.4600/30, followed by 1.4450/1.4500, 1.4350, 1.4200 and lower while resistance is seen at 1.4950/60 and 1.5120 respectively.
3. The structure indicates that the pair should be headed towards 1.4700 levels from here on, before bouncing off for a potential bullish reversal.
Remain short for now, stop is at 1.4960, target is 1.4700 at least.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
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