GBP/CHF Potential Rebound Ahead for – Watching Key Resistance?

7 พ.ค.

The GBPCHF pair has pulled back after testing resistance near 1.10860 and is currently approaching a key support zone around 1.09200–1.09000 This level has previously acted as a strong reaction point and aligns with the lower boundary of the ascending channel
If price holds above this support and forms a bullish reversal we could see a continuation move back toward the resistance zone near 1.10700–1.10860 A confirmed break above this level would open the door for further upside momentum.
However failure to hold above 1.0900 could indicate a potential breakdown from the current structure.

Support: 1.09200 – 1.09000
Resistance: 1.10450 – 1.10860


Structure Ascending channel with corrective pullback
Stay alert for bullish confirmation at the lower zone — this could be a high-probability area for a rebound

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Best Regards TrendLinford!

9 พ.ค.

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