GBP/CHF Medium Term Outlook

FX:GBPCHF   British Pound / Swiss Franc
142 0 0
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 1.6532/1.6670 in medium term.
On downside minor support is around 1.5280 (23.6% retracement of 1.44746 and 1.55343) and nay break below will target 1.5000/1.4875.
Overall trend reversal only below 1.4875.

Indicators (Weekly chart)
CCI (50) – Buy
CCI (14) – Buy
Ichimoku- Buy

Recommendation: Buy GBP/CHF             around 1.5300, SL 1.4875, Targets 1.6530/1.6670.
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