GBPCHF is currently within a falling wedge pattern, with the price near the resistance of this pattern. It's likely that the price will pullback, then bearish to the support level of the pattern. Traders should set a stop loss if the closing price is above 1.1408. If this stop loss is triggered, long positions can be taken with bullish targets up to 1.1055.
It's important to note that this analysis is for informational purposes only and not trading advice. Trading always involves risk, and there is no guarantee of success. Traders should carefully consider their risk tolerance and trading goals before making any decisions in the forex market.
It's important to note that this analysis is for informational purposes only and not trading advice. Trading always involves risk, and there is no guarantee of success. Traders should carefully consider their risk tolerance and trading goals before making any decisions in the forex market.