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Technical analysis of GBP/CHF for June 18, 2015

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Technical outlook and chart setups:

The GBP/CHF pair remained just shy of 1.4650 yesterday before pulling back. The pair is trading around the level of 1.4580 at the moment looking for a pullback. Please note that the H4 chart indicates that a pullback is due, towards 1.4250/1.4300 levels at least before the pair rallies further. It is recommended to remain flat for now and look to enter long at lower levels. Immediate support is seen at 1.4450, followed by 1.4400, 1.4150, and lower. Resistance is seen at 1.4650/1.4700 and higher respectively.

Trading recommendations:

Remain flat for now. Look to buy at lower levels.

Good luck!

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