GBP/CHF Potential Upward Movement

GBP/CHF Long-Term Trend: Bullish

Key Resistance Levels: 1.12115, 1.12782, 1.13395

Key Support Levels: 1.10752, 1.09987, 1.08610

Daily Chart:

The price on the higher time frame has been in an uptrend recently after it tested a support level of 1.07824 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 broke a consolidation zone of 1.08610 and 1.09987 and has sustained above that. As of now the pair has broken a minor level of 1.10752 before continuing the momentum.

Signal Idea:

Buy Limit Order @ 1.11362

TP @ 1.12331

Stop Loss @ 1.10634

Trade Safely 🙂