Technical outlook and chart setups:
1. The GBP/CHF pair has again tested 1.5000 levels on Friday as seen here and is pulling back at the moment. The pair should remain in control of bears until prices stay below 1.5040 levels. High probability trade is for the pair to pullback towards 1.47000 levels before reversing. Recommendations are to remain short for now. Risk remains at 1.5040/50.
2. Support is seen at 1.4780, followed by 1.4630, 1.450/1.4450 and lower, while resistance is seen at 1.5120 respectively.
3. The structure indicated that GBP/CHF has taken out past resistance at 1.4960/70 levels recently. It is therefore highly probable for a pullback towards 1.4680/1.4700 levels before a bullish reversal can take place.
Trading recommendations:
Remain short, stop at 1.5050, target is open.
Good luck!