The GBP/CHF currency pair has recorded several positive closes above the 1.1150 level, indicating a continuation of the bullish channel’s support. This stability suggests the formation of bullish waves, particularly as the pair holds near the 1.1200 mark.
Stochastic indicators are attempting to provide positive momentum by remaining above the 20 level, which supports our preference for further bullish attempts. A successful breach of the 1.1235 level could lead to additional gains, with the next target set at 1.1260.
The expected trading range for today is between a support level of 1.1160 and a resistance level of 1.1235.
Trend Forecast: Bullish
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