On a 4-hour graph the GBP/CHF is probably forming the bullish combination of candlesticks Rising Three Methods. If the pair closes above the level of 1.0068, this will confirm this point of view.
In favor of he further advance comes the fact that this combination of candlesticks is forming on the uptrend near the resistance level of 1.6008, in case this level is broken through the increase to 1.6600 is expectable.
The combination of candlesticks Rising Three Methods shows that the currency pair demonstrated the upside motion during a couple of days after it failed to break out the support level of 1.5417, which means that the bulls increased their influence here and did not allow the bears to fixate.
It is recommended to wait for the complete formation of the candlesticks’ combination. In this case the stop orders should be placed below the support level of 1.5860, as the breakthrough of this mark will target the pair at 1.5717.