GBP/CHF Potential Upward Movement

GBP/CHF Long-Term Trend: Bullish

Key Resistance Levels: 1.11598, 1.11985, 1.12298

Key Support Levels: 1.10802, 1.10438, 1.10136

Daily Chart:

The price on the higher time frame has been in an uptrend recently after it tested a support level of 1.07855 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 key level of 1.10802 after testing a support of 1.10438 and has sustained above that. As of now the pair has broken a trendline before continuing the momentum.

Signal Idea:

Buy Limit Order @ 1.11069

TP @ 1.11494

Stop Loss @ 1.10643

Trade Safely 🙂