GBPCHF is moving towards a line of 1.1041 which it has tested numerous times in the past. We have seen it retrace from this position in the past, so at this stage it isn’t clear whether it will breach this price or rebound as it did before. If GBPCHF continues in its current trajectory, we may see it move towards 1.1041 within the next 2 days.
GBPCHF likely to test 1.1041 in the near future. Where to next?
