The GBPCHF price formed minor bullish channel recently to settle above it support line at 1.1290 now, noticing recording some gains by rallying towards 1.1350.

 

The frequent stability within the bullish channel and stochastic attempt to gather the positive momentum will increase the chances of recording additional gains, to expect rallying towards 1.1390 followed by starting to renew the pressure on 1.1425 barrier.

 

The expected trading range for today is between 1.1320 and 1.1390

 

Trend forecast: Bullish