GBPCHF Wave Analysis – 2 October 2026

GBPCHF: ⬆️ Buy

– GBPCHF reversed from support zone

– Likely to rise to resistance level 1.1060

GBPCHF currency pair recently reversed up from the support zone between the support level 1.0900 (which stopped wave ii at the start of September and wave (ii) at the end of September), lower daily Bollinger Band and the 38.2% Fibonacci correction of the upward impulse from June.

The upward reversal from this support zone stopped the sharp downward correction from the start of October and is currently forming the daily Japanese candlesticks reversal pattern Hammer.

Given the clear daily uptrend, GBPCHF currency pair can be expected to rise further toward the next resistance level 1.1060 – which stopped wave (i) in the middle of September.