GBPCHF: Time For Another Upward Movement

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GBPCHF: Time For Another Upward Movement

The pair is trading inside a descending channel, respecting both support and resistance levels. Price recently bounced from the channel support, showing signs of a possible short-term recovery.

If buyers remain in control, the first target is around 1.0767, followed by the upper channel resistance near 1.0804.

As long as GBPCHF stays within this channel, the overall trend remains bearish, but short-term bounces can provide opportunities toward the resistance. A breakout above the channel would signal a possible trend reversal.

Key Targets: 1.0770; 1.0805

You may find more details in the chart!
Thank you and Good Luck!