Technical analysis
GBPCHF Wave Analysis – 27 April 2023
April 27, 2023 @ 18:12 +03:00
![](https://fxpro.news/wp-content/uploads/2023/04/gbpchf-primary-analysis-apr-27-1641-pm-1-day-1024x474.png)
• GBPCHF reversed from long-term support level 1.1065
• Likely to rise to resistance level 1.1225
GBPCHF currency pair recently reversed up from the long-term support level 1.1065 (which has been reversing the pair from November), standing near the lower daily Bollinger Band.
The upward reversal from the support level 1.1065 stopped the C-wave of the medium-term ABC correction (B) from October.
Given the strong Swiss franc sales, GBPCHF currency pair can be expected to rise further toward the next resistance level 1.1225.