FX.co ★ GBP/CHF at Resistance near 1.41. Short Positions can be Initiated

Technical Outlook and Chart Setups:

Looking into the 4H chart setups, we observe that the currency pair is right at the fibonacci 0.618 resistance level neat 1.41 at the moment. Immediate resistance is the 1.4250 mark followed by 1.4350; while intermediary support is the 1.40 levels. It is recommended to go short again around current levels for downside extensions towards 1.3750 in the coming sessions. Till 1.4250 remains intact, prices are expected to lower.

Trade Recommendations:

Go short now, (1.41-1.4090), stop at 1.4280, target 1.3750.

Good Luck!