FX.co ★ ivory29 | GBP/CHF

On the 30-minute timeframe for the GBP/CHF currency pair, the price continues to move north, maintaining its upward momentum. At the moment, buyers are controlling the movement and are gradually pushing the price toward the nearest resistance zone at 1.0860. This level is an important area where growth may slow down and a reaction from sellers may appear. When the price reaches the 1.0860 resistance, it is worth paying attention to price behavior and the strength of the reaction from this level. If buyers fail to break through the resistance, short positions can be considered from this area, expecting a corrective decline. In case of a confident breakout and consolidation above 1.0860, the current bearish scenario will be canceled, and the upward movement may continue.