FX.co ★ GBP/CHF

As of today, the GBP/CHF currency pair continues to move within an ascending channel, which indicates that buyers still maintain control. After an attempt to hold above the 1.0875 level, a pullback began. I expect that in the near future the price of the pair will move roughly within the 1.0875–1.0925 range. At the moment, the 1.0875 level is the nearest resistance; if the price manages to break above this level, it may become one of the first signals that a move toward 1.0925 is likely to begin, although a pullback may also occur. However, it is important to note that the price is currently below this point, so the priority scenario remains bullish.