FX.co ★ GbpChf Retracement Is Due Towards Atleast 1.50

Technical Outlook and Chart Setups:
The wave structure here is quite clear. After the first upside target was met at 1.5200, a pullback is now expected towards at least 1.5 levels. The Fibonacci support levels Depicted above show where prices should be before the next bull leg. Intermediary support now comes at 1.4820/30 levels. At first we expect a downturn in the coming sessions, and then rally.
Trading Recommendations:
1. Short term aggressive strategy is expected to be short against day before yesterday’s highs, target at1.5050 at least.
2. More conservative approach is expected for a buy entry around 1.500 levels

Good Luck!