FxWirePro: GBP/CHF faces strong resistance at 200 day MA, good to sell on rallies

• Major resistance- 1.4540 (200 day MA)
   
• GBP/CHF has made a high of 1.45438 at the time of writing and slightly declined from that level.It is currently trading around 1.45113.
   
• The pair is struggling to close above 200 day MA and any further bullishness can be seen only above that level.
   
• Any break above 1.4540 will take the pair till 1.45750/1.4710 (200 W MA).
   
• On the lower side minor support is around 1.4435 and any break below targets 1.4360/1.4320 (23rd May low).

It is good to sell on rallies around 1.4540 with SL around 1.4575 for the TP of 1.4320