FxWirePro

GBP/CHF Short Term Outlook

Long
FX:GBPCHF   British Pound / Swiss Franc
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GBP/CHF is facing strong resistance around 1.5560 ( 61.8% retracement of 1.80892 and 1.14614) and any break above would extend gain to 1.5634/1.570 in medium term.
On downside minor support is around 1.5500 and any break below will take the pair to 1.5470 (23.6% retracement of 1.5250 and 1.55343) and 1.5430.
Overall trend reversal only below 1.5250

Indicators (4 hour chart)
CCI (50) – Buy
CCI (14) – Buy
Ichimoku- Buy

Recommendation: Buy GBP/CHF around 1.5525-30, SL 1.5470, Targets 1.5630/1.570.