GBPCHF: ⬆️ Buy
– GBPCHF broke resistance zone
– Likely to rise to resistance level 1.1100
GBPCHF currency pair recently broke the resistance zone located between the resistance level 1.1000 (which stopped the previous impulse waves 1 and (1)) and the resistance trendline of the daily Triangle from August.
The breakout of this resistance zone accelerated the earlier minor impulse wave 3 – that belongs to the intermediate impulse wave (3) from the middle of last month.
Given the strong daily uptrend and the bearish Swiss franc sentiment seen across the FX markets, GBPCHF currency pair can be expected to rise to the next resistance level 1.1100.