GBP/CHF Short Term Outlook

FX:GBPCHF   British Pound / Swiss Franc
Short term trend: Bearish
Ichimoku analysis (4 Hour chart):
Tenkan-Sen level: 1.5268
Kijun-Sen level: 1.5265
Ichimoku cloud top: 1.5196
Ichimoku cloud bottom: 1.5148

GBP/CHF has retreated after forming double top around 1.5325 level. Overall trend is bearish as long as resistance 1.5325 holds.
The pair’s minor support is around 1.5170 and any break below would target 1.5072 (Nov 28th low) /1.4940.
The GBP/CHF is facing major resistance around 1.5325 and any indicative break above will take the pair to 1.5360/1.5409.
Ichimoku (9, 26, 52, 26) - Sell
MACD (12.26.9) – Sell

Recommendation: Sell GBP/CHF around 1.5230-35, SL 1.5326, Target 1.5070.

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