GBPCHF Wave Analysis

GBPCHF currency pair recently reversed up from the key support level 1.1095 (lower boundary of the sideways price range inside which the pair has been trading from last December

Sentiment is: Neutral

Technical Analysis

GBP/CHF is moving towards a resistance line. Because we have seen it retrace from this level in the past, we could see either a break through this line, or a rebound back to current levels. It has touched this line numerous times in the last 8 days and may test it again within the next 2 days.

GBP/CHF - getting close to psychological price line

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