GBPCHF, is in mostly horizontal zone, confined between %23.6 and %50 Fibonacci retracement levels of September fall. Today, we saw a move above 50-100 day moving averages which they were limiting the upside move for some time with %50 Fibonacci level. If 1.1911 resistance break above, there can be a move to 1.1985 which is also near 200 day moving average.
If GBPCHF can’t break 1.1911 resistance, price could reverse to downside again. 1.1820 and 1.1746 can be followed as important support levels.
