The GBPCHF price formed strong bullish rally yesterday, taking advantage of the frequent consolidation within the minor bullish channel, to notice surpassing 1.1420 barrier and approaching 1.1510 resistance line.

 

Note that stochastic crawl towards the overbought areas will reinforce the chances of gathering the additional positive momentum to ease the mission of breaching the current resistance and start targeting new positive stations, starting as a 1.1545 level.

 

The expected trading range for today is between 1.1450 and 1.1545

 

Trend forecast: Bullish