GBPCHF failed to break out of the channel last week respecting the structure and 200 EMA. We broke the previous highs forming higher highs. I see three main possibles for this pair next week.
First is that we go up from here towards the top of the channel.
Second is we come back down to the bottom of the channel to retest the uptrend line and a minor level of support to continue up.
Third is we come back down to breakout of the channel and for price to test the bottom of the channel.
First is that we go up from here towards the top of the channel.
Second is we come back down to the bottom of the channel to retest the uptrend line and a minor level of support to continue up.
Third is we come back down to breakout of the channel and for price to test the bottom of the channel.