Daily Forex News and Watchlist: GBP/CHF

The U.K. is about to print its February labor market data! Will the report help extend GBP/CHF’s short-term uptrend?

Sentiment is: Positive

Technical Analysis

GBP/CHF is moving towards a resistance line which it has tested numerous times in the past. We have seen it retrace from this line before, so at this stage it isn’t clear whether it will breach this line or rebound as it did before. If GBP/CHF continues in its current trajectory, we could see it reach 1.1444 within the next 2 days.

Will GBP/CHF have enough momentum to break resistance?

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