The GBP/CHF currency pair witnessed a strong bullish rally on Wednesday, capitalizing on sustained consolidation within a minor bullish channel. The pair successfully surpassed the 1.1420 barrier and is now approaching the 1.1510 resistance level.
Technical indicators suggest further bullish momentum, with the stochastic oscillator moving towards the overbought territory. This upward momentum is expected to support a potential breakout above the 1.1510 resistance, setting the stage for a continued rally towards the next target at 1.1545.
Key Levels to Watch:
- Support: 1.1450
- Resistance: 1.1545
Trend Forecast: Bullish
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