The GBPCHF pair has broken through the resistance level in an upward channel, indicating a bullish trend. The target is set at 1.1707.

A trading opportunity was spotted on the GBPCHF pair. The GBPCHF price breached the resistance line of a Channel Up pattern on April 9, 2024, at midnight. This could potentially predict a bullish price movement over the following 20 days, aiming towards 1.1707.

The pattern’s overall visual quality is moderate. The resistance breakout was notably weak. It might be prudent to await further confirmation of this breakout before initiating a trade.

It appears that there are no economic events scheduled within the forecast period that have traditionally impacted the volatility of the GBPCHF pair.