Daily Forex News and Watchlist: GBP/CHF

A surprise SNB decision got traders selling CHF today! How has it affected GBP/CHF’s price action and will it lead to a trade opportunity?

Sentiment is: Neutral

Technical Analysis

GBP/CHF has broken through a resistance line. It has touched this line at least twice in the last 2 days. This breakout may indicate a potential move to 1.1188 within the next 6 hours. Because we have seen it retrace from this position in the past, one should wait for confirmation of the breakout before trading.

GBP/CHF has broken through resistance

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