FX.co ★ ivory29 | GBP/CHF

Bulls in the GBP/CHF currency pair managed to hold above 1.0605. They haven't been able to move much higher yet, but they are keeping the price above this level. At the moment, buyers have a chance to rise to 1.0620 and 1.0635. If they secure a position above 1.0635, it will pave the way for an upward movement towards 1.0650 and 1.0680. And if buyers don't stop at 1.0680, then the GBP/CHF price could move towards 1.0710, 1.0740, and 1.0775-1.0800. However, if sellers from the current levels or after the rise to 1.0620+/- start moving down again and establish below 1.0605, then the downward movement could continue to 1.0590 and 1.0575. A consolidation below 1.0575 could lead to a decline to 1.0560 and 1.0545.