The GBPCHF currency pair has recently established a minor bullish channel, with the price currently holding steady above its support line at 1.1290. The pair has seen modest gains, rallying towards 1.1350.
The consistent stability within this bullish channel, coupled with the stochastic oscillator attempting to build positive momentum, suggests that further upward movement is likely. Analysts are anticipating a potential rally towards the 1.1390 level, followed by renewed pressure on the 1.1425 resistance barrier.
For today, the expected trading range is projected to be between 1.1320 and 1.1390.
Trend Outlook: Bullish
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