GBP/CHF Potential Upward Movement

GBP/CHF Long-Term Trend: Bullish

Key Resistance Levels: 1.07502, 1.08051, 1.08652

Key Support Levels: 1.06061, 1.05125, 1.04485

Daily Chart:

The price on the higher time frame has recently been in an uptrend. It tested a support level of 1.03679 and bounced back. The pair has broken 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 resistance level recently to shift the short-term trend to bullish. As of now the pair has broken and retested a minor level of 1.06061 before continuing the momentum.

Signal Idea:

Buy Limit Order @ 1.06574

TP @ 1.07308

Stop Loss @ 1.05843

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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