FX.co ★ Technical analysis of GBP/CHF for February 28, 2014

Technical outlook and chart setups:

1. The GBP/CHF pair still remains below 1.4950/60. It is recommended to remain flat for now and enter again after a break below 1.4700 or 1.4950/60.

2. Immediate resistance is at 1.4950/60 (intermediary), followed by 1.5120/30, while supports are spread through 1.4620/30 (intermediary), followed by 1.4550, 1.4350 and lower respectively.

3. The structure reveals that GBP/CHF needs to breakout of either 1.4950/60 or 1.4700 for further directional clarity.

Trading recommendations:

Flat for now.

Good luck!