The GBP/CHF currency pair is maintaining its bullish trajectory, currently fluctuating around the 1.1275 level. Despite a lack of significant positive momentum, the ongoing consolidation within the bullish channel—supported by a major support line at 1.1210—suggests continued positive outlook for the upcoming period.
Recent observations indicate that the 55-day Moving Average (MA55) is forming additional support around 1.1245. This positioning provides a foundation for potential upward momentum, aiming to breach the key resistance level at 1.1300. A successful breakout could pave the way for further gains, targeting levels of 1.1335 and 1.1365.
Today’s expected trading range is set between support at 1.1260 and resistance at 1.1335.
Trend Forecast: Bullish
