FX.co ★ Technical analysis of GBP/CHF for June 26, 2014

 Technical outlook and chart setups:

1. The GBP/CHF is seen forming base around the 1.5134/30 levels as of now. The level of interest is around 1.5080/1.5100 for a resumption of the uptrend.

2. Support is seen at 1.4950, followed by 1.4780, 1.4650 and lower while resistance is seen at 1.5300 levels on the daily chart view.

3. The structure indicates that GBP/CHF pair could form bottom around 1.5100/1.5080 levels on the maximum side.

Trading recommendations:

Initiate 50% long positions, stop at 1.4950, target is open.

Good luck!