Technical outlook and chart setups:
1. The GBP/CHF bulls are not just ready to give away at the moment. The pair is testing highs at 1.5120/30 levels since last few trading sessions. A push above 1.5140 would be a bullish breakout for fresh highs; while a failure here would bring control back to bears.
2. Support is seen at 1.4950/60, followed by 1.4900, 1.4780, 1.4650 and lower, while resistance is seen at 1.5140/50 levels respectively.
3. The structure indicates that GBP/CHF is on the verge of a bullish breakout, and if bulls manage take out 1.5140 it would be confirmed.
Trade recommendations:
Remain short, stop 1.5140/50, target is open.
Good luck!