FX.co ★ Technical analysis of GBP/CHF for April 22, 2015

Technical outlook and chart setups:

The GBP/CHF pair is stalling and drifting sideways around 1.4350/60 as seen on the 4-hour chart view. The pair is expected to break higher through the level of 1.4630 and higher. Bulls should remain in control util prices stay above at least 1.4100. It is hence recommended to remain long with risk at 1.4100. Immediate support is seen at 1.4100 (interim) followed by 1.3850 and lower, while resistance is seen at 1,4400/50 followed by 1.4600/30 and higher respectively. Only a drop below 1.4100 could delay matters further.

Trading recommendations:

Remain long, stop at 1.4100, a target is 1.4630

Good luck!