GBP/CHF Potential Upward Movement

GBP/CHF Long-Term Trend: Bullish

Key Resistance Levels: 1.07425, 1.08121, 1.08652

Key Support Levels: 1.06705, 1.06021, 1.05595

Daily Chart:

The price on the higher time frame has recently been in an uptrend. It tested a support level of 1.05110 and bounced back. The pair has broken a few support 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 resistance level recently to shift the short-term trend to bullish. As of now the pair has broken and retested a minor level of 1.06705 before continuing the momentum.

Signal Idea:

Buy Stop Order @ 1.06908

TP @ 1.07313

Stop Loss @ 1.06504

Trade Safely 🙂

This trading signal is not financial advice, it is only education, and our opinion. Any trade you take is your decision. Trade safely.

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