FX.co ★ argali | GBP/CHF

Based on my current analysis, the GBP/CHF currency pair remains firmly under the influence of buyers. Bullish momentum continues to dominate the market, and buyers appear determined to maintain control and push prices even higher. The strength of the current uptrend suggests that market participants are still confident in the bullish outlook, making long positions more attractive than short positions at this stage. One of the key levels I am watching is 1.06405. In my view, the buyers’ objective of reaching this level is both realistic and technically justified. As long as the market continues to trade within the current bullish structure, I believe the most sensible approach is to align with the prevailing trend and participate on the buy side. Following the direction of the dominant momentum often provides a higher probability of success than attempting to trade against it.

Given the current market conditions, I would prefer to hold long positions and aim for the 1.06405 target. If the pair continues to rise with strong momentum and elevated volatility, there may also be opportunities to take advantage of corrective pullbacks. Such temporary declines could offer more favorable entry points for traders looking to join the ongoing uptrend without chasing the market at higher prices. At the current market level around 1.06261, I do not see a compelling reason to initiate short positions. Selling against a strong bullish trend can be risky, especially when there are no clear signs that buyers are losing control. However, the situation may become more interesting once the price reaches or exceeds 1.06405. At that point, I would begin evaluating the possibility of a short-term sell trade, particularly if the market shows signs of exhaustion or a weakening bullish impulse. Even then, I would view any selling opportunity as a corrective move rather than the beginning of a major bearish trend. The overall momentum remains bullish, and any decline would most likely represent a temporary retracement within a broader upward movement. This distinction is important when managing risk and allocating capital. For that reason, I will continue to prioritize buying opportunities while remaining mindful of potential corrective setups and maintaining disciplined money management throughout the trading process.