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 1.0830 level, a pullback began. I expect that in the near future the price of the pair will move roughly in the range between 1.0830 and 1.08. At the moment, the 1.08 level is the nearest support; if the price manages to break below this level, it may become one of the first signals that a move toward 1.0760 is likely to begin, although a rebound is also possible. However, it is important to note that the price is currently above this point, so the priority direction remains bullish.