Key Resistance Levels: 1.2463, 1.2548, 1.2677
Key Support Levels: 1.2295, 1.2195, 1.2035
GBP/CHF Price Long-Term: Bullish
The pair is in a clear uptrend by posting higher highs and lows by breaking all the daily resistances. In addition, the price is trading within an ascending channel which shows that the momentum is positive.
GBP/CHF Medium-Term Trend: Bullish
On the 4-hour time frame, the pair was in an upward movement, then entered a flag formation. This pattern pushed the price towards the 1.2295 daily support which confluence with the 61.8% Fibonacci retracement. Now, most probably the price will continue its upward movement towards the 1.2463 mark.
Buy Order @ 1.2385
TP 1 @ 1.2463
TP 2 @ 1.2548
Stop Loss @ 1.2347
Trade Safely 🙂