GBPCHF Price Analysis
Current Scenario
GBPCHF has successfully overcome bearish sentiment by surging above the 1.1330 resistance level recently, resulting in a robust rally that reached 1.1470.
Bullish Outlook
The consolidation of the MA55 near the breached resistance at 1.1330 confirms solid support, bolstering expectations for a continuation of the bullish momentum. The next target is set at 1.1515, with potential further gains towards 1.1620 upon surpassing this level.
Expected Trading Range
- Support: 1.1370
- Resistance: 1.1515
Trend Forecast: Bullish
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