The GBP/CHF pair has been trending upwards, since the 24th of November 2015, with the buyers leading the price from as low as 1.5288 to as high as 1.5530.
On Friday, during the US session, the currency pair lower to 1.5457, advanced up to 1.5505 to finish lower during the European trade today, to the initial level of 1.5455.
In the event that the bulls gain ground and manage to break above 1.5505, the pair could escalate up to 1.5530 and 1.5570 in extension.
Conversely, in the scenario where the bears manage to force the price to break below 1.5438, the pair could decelerate down to 1.5408 and 1.5381 in extension.
Please note: The content in this daily technical analysis article should not be taken as investment advice. It comprises our personal view.