Technical outlook and chart setups:
The GBP/CHF pair could drop lower towards 1.5350 before finding the trend-line support as depicted on the H4 chart. Please also note that the fibonacci 0.382 support is lined up there as well. Only a breakout below the trend line support and a subsequent breakout below 1.5000 would confirm that the pair is in for a larger correction. It is recommended to remain flat and wait for a reaction around the levels of 1.5350 levels. Immediate support is also seen just below 1.5300 followed by 1.5000, while resistance is seen at 1.5570 (interim).
Remain flat for now. Watch around 1.5300.