GBP/CHF chart - Trading View
GBP/CHF is extending gains for the 5th straight session, bullish bias intact.
Upside buoyed after the pair has confirmed a breakout above 'Symmetric Triangle' pattern.
Momentum studies are bullish. Cloud breakout adds to the bullish bias in the pair.
Price action is consolidating above 200-DMA. The pair has retraced a brief dip below during December month's trade.
Analysis of GMMA indicator shows major and minor trend have shifted bullish. Volatility is also rising as evidenced by widening Bollinger bands.
Bulls eye immediate resistance at 50% Fib at 1.2212. Further bullishness could carry the pair to test 61.8% Fib at 1.2471.
