Technical analysis of GBP/CHF for June 26, 2015 Market Analysis Review

Technical outlook and chart setups:

The GBP/CHF pair hit a high of 1.4775/80 as seen here, but the H4 charts seems to be stretched enough for a push further. The pair is expected to extend through at least 1.5000, but after a pullback. It is still recommended to stay aside and wait for a meaningful pullback to enter long positions again. Immediate support is seen at 1.4625 followed by 1.4500, 1.4400, 1.4300, and lower. Resistance is seen at 1.4775/80 (interim) and higher respectively. Bulls are expected to take a break and resume its rally from lower levels.

Trading recommendations:

Remain flat for now. Look to buy lower.

Good luck!

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