Uncharted-FX
Long

GBPCHF basing and move higher?

FX:GBPCHF   British Pound / Swiss Franc
GBPCHF is showing an interesting sign or perhaps a reversal on the 4 hour chart. I must admit to be careful though due to the market volatility and geopolitical tensions... Swiss Franc is a safety play.

We have had a prolonged downtrend with lower highs and lower lows. We then began to range, displaying 2/3 market movements.

We broke above a resistance/flip zone at 1.1780 zone and it was a strong candle stick break. This also confirmed a higher low swing at 1.1730.

Seems now we are retesting that break, and I would not await for this re-test and a break above the recent highs of 1.1840 which would also confirm a new higher low.

Again, just be cautious with Swiss pairs.
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