GBP/CHF Long-Term Trend: Bullish
Key Resistance Levels: 1.1486, 1.1559, 1.1612
Key Support Levels: 1.1395, 1.1355, 1.1320
The price on the higher time frame has been in an uptrend after it tested a support level of 1.1110 and bounced back. The pair has shown good momentum and broken a resistance level of 1.1375 which shows trend continuation.
GBP/CHF Medium-Term Trend: Bullish
On the lower time frame, the pair is moving in the major trend’s direction. It broke a consolidation zone of 1.1320 and 1.1355 and has sustained above that. Recently the pair has broken and retested another level of 1.1395 before continuing the momentum.
Buy Stop Order @ 1.1433
TP @ 1.1479
Stop Loss @ 1.1387
Trade Safely 🙂