What to expect from GBPCHF pair

Apr 8

GBPCHF have had a 3 month impressive run which has led to the breakout from key resistance level at 1.106 region, and currently on a major supply zone of 1.14600

Expecting a reversal at 1.4600 to test previous breakout zone 1.1000

Scenario 2: if by strength it moves higher, then 1.164 should send it back to 1.100 region. As this will cut across all CHF major pairs like USDCHF and CADCHF

Nevertheless, it is important you approach the market with proper risk management.

Have a blast.