GBP/CHF Long-Term Trend: Bullish
Key Resistance Levels: 1.2973, 1.3114, 1.3312
Key Support Levels: 1.2973, 1.2882, 1.2800
The price managed on the daily time frame managed to break the correction pattern (bullish flag) to the upside, and as well it succeeded to break the daily resistance around the 1.2979 USD level.
GBP/CHF Medium-Term Trend: Bullish
On the 1-hr time frame, the price is trading inside a bullish channel formation where the price is expected to post a correction count towards the area of confluence. This zone is made of a strong support and a 61.80% Fibonacci retracement level around the 1.3003 mark. This could lead to a move upward again in the direction of the main trend.
Buy Limit Order @ 1.3003
TP 1 @ 1.3093
TP 2 @ 1.3114
Stop Loss @ 1.2974
Trade Safely 🙂