GBP/CHF Potential Upward Movement

GBP/CHF Long-Term Trend: Bullish

Key Resistance Levels: 1.11395, 1.11752, 1.12203

Key Support Levels: 1.10717, 1.09463, 1.08886

Daily Chart:

The price on the higher time frame has recently been in an uptrend after it swept liquidity below a support level of 1.07891 and bounced back. The pair has continued to break a few resistance levels which suggests further trend continuation.

GBP/CHF Medium-Term Trend: Bullish

1-Hour Chart:

On the lower time frame, the pair is moving in the major trend’s direction. It recently broke a consolidation zone of 1.08886 and 1.09463 and has sustained above that. As of now the pair has broken and retested a minor level of 1.10717 before continuing the momentum.

Signal Idea:

Buy Limit Order @ 1.10945

TP @ 1.11302

Stop Loss @ 1.10578

Trade Safely 🙂