GBP/CHF went past the resistance barrier of 1.4790, which was holding since last 4 weeks. We expect this rally to gain momentum further after a test of past resistance which turned into support line, as depicted above in RED. The region of 1.4780/90 should provide support now. Furthermore, the channel support remains intact to give confidence to our bullish momentum. It is recommended to remain long for now.
Trade Recommendations:
Bought around 1.4700, stop at 106.00, targetting 1.5 levels in the sessions to come.
