GBPCHF Wave Analysis – 12 July, 20211

• GBPCHF reversed from key support level 1.2615
• Likely to rise to resistance level 1.2800

GBPCHF currency pair recently reversed up from the key support level 1.2615 (which has been reversing the price from February).

The support zone near the support level 1.2615 was strengthened by the lower daily Bollinger band and by the 38.2% Fibonacci retracement of the sharp upward impulse from the middle of December.

GBPCHF currency pair can be expected to rise further toward the next resistance level 1.2800 (which has been reversing the price from the middle of April).