Technical outlook and chart setups:
1. The GBP/CHF pair has reversed after hitting lows at 1.5200 levels last week. The pair has bounced off a line of support as seen here and is facing resistance at the moment around the 1.5350 level. At least a pullback or retracement could be expected but a break below 1.5200 now could prove to be extremely bearish.
2. Support is seen at 1.5200 levels (interim), followed by 1.5150, 1.4960 and further while resistance is seen at 1.5350/60, followed by 1.5430/50 respectively.
3. The structure indicates that GBP/CHF would be bearish below 1.5200 levels and could push towards 1.4800 levels in coming sessions.
Trading recommendations:
Initiate short positions, stop above 1.5450, target is open.
Good luck!