GBP/CHF Breaks through 1.4790, Expect Rally to Gain Momentum - Technical Analysis and
Technical Outlook and Chart Setups:
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.
Bought around 1.4700, stop at 106.00, targetting 1.5 levels in the sessions to come.
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