GBPCHF
have had a 3 month impressive run which has led to the breakout from key resistance level at 1.106 region, and currently on a major supply zone of 1.14600 Expecting a reversal at 1.4600 to test previous breakout zone 1.1000
Scenario 2: if by strength it moves higher, then 1.164 should send it back to 1.100 region. As this will cut across all CHF major pairs like
USDCHF
and
CADCHF
Nevertheless, it is important you approach the market with proper risk management.
Have a blast.