GBPCHF has broken through the resistance line of a Channel Down technical chart pattern. Because we have seen it retrace from this line in the past, one should wait for confirmation of the breakout before taking any action. It has touched this line twice in the last 10 days and suggests a possible target level to be around 1.0794 within the next 2 days.
Resistance line breached by GBPCHF. This price has been tested at least twice before.
