FX.co ★ Gbp/Chf Hits First Measured Extension at 1.5200 Levels

Technical Outlook and Chart Setups:
The single currency pair depicted above seems to be in its final bullish extension before major reversal as it was discussed earlier. The first measured extension at 1.5200 is met now. One can expect a minor dip correction towards 1.5100 level before the next rally towards 1.5400 level. 1.5070/80 is past resistance level which turned to support region now.

Trade Recommendations:
It is recommended to buy on dips towards 1.5100 level, stop at 1.5000, target 1.5400.

Good Luck !