Technical outlook and chart setups:

1. The GBP/CHF pair is seen to be reversing right at the trend line resistance. It is currently trading at 1.3700 levels and is expected to continue drifting further down. Aggressive trade setup would be to initiate short positions now, risk remains above 1.4850. More conservative approach is to remain flat and allow the bearish setup to complete.

2. Immediate resistance is at 1.4850/60, followed by 1.4950 and 1.5120 while supports are spread through 1.4470, 1.4350 and lower respectively.

3. The structure indicates GBP/CHF maybe preparing to resume its downtrend that had broadly begun from the 1.5120 levels. Prices should come down towards the mid 1.4600 levels to confirm the same though.

Trading recommendations:

Aggressive trade setup would be to short at the current price, stop is at 1.4850/60, target is open. Conservative setup would be to remain flat.