FX.co ★ GbpChf: Do Not Chase Prices On the Higher Side At The Moment.

Technical Outlook and Chart Setup:
As shown above, both target extensions have been met by the single currency pair at 1.5200 and 1.5400 levels. Hence, we expect that it is natural for the pair to retrace before the next possible Bull Run, rather than going aggressively short at this moment. It is recommended to remain flat and wait for a healthy correction to materialize. 1.5000 levels would be past resistance turned support now.
Trading Recommendations:
Flat for now. waiting for a correction to materialize.

Good Luck!