FX.co ★ GBP/CHF

Hello traders, The pound significantly weakened yesterday, and in the GBPCHF currency pair, the Swiss franc is also strengthening, refusing to depreciate. Although a slight upward pullback was possible, it doesn't change the overall scenario. This situation presents an opportunity to open a sell order slightly higher if someone else is willing to sell at such low levels. The downtrend in the GBPCHF pair remains relevant, and it seems likely to approach the April lows, closer to 1.0600. If it reaches 1.0600, then it might be a good time to consider opening a buy order. However, it's essential to monitor the situation closely. If the US dollar continues to weaken while the franc strengthens, the pair could drop even further. If by some miracle they start to rise from current levels, it would be prudent to wait for a firm close above 1.0900 for buying, preferably above 1.0950 for added reliability.