GBP/CHF Long-Term Trend: Bullish
Key Resistance Levels: 1.1560, 1.1621, 1.1682
Key Support Levels: 1.1437, 1.1341, 1.1243
The price on the higher time frame has recently reversed the direction after having a bearish run. It found support at the 1.0894 level and has tested that area several times. The pair has broken a resistance level of 1.1400 which indicates a bullish bias.
GBP/CHF Medium-Term Trend: Bullish
On the lower time frame, the pair is moving in the major trend’s direction. The pricerecently consolidated for some time between a range of 1.1243 and 1.1341 and then broke the upper range. It has now also broken and retested a minor level of 1.1437 before continuing the momentum.
Buy Stop Order @ 1.1482
TP 1 @ 1.1544
TP 2 @ 1.1637
Stop Loss @ 1.1420
Trade Safely 🙂