GBPCHF: When Will GBPCHF Rise Again?

GBPCHF: When Will GBPCHF Rise Again?

From the daily chart, we can see that GBPCHF is moving in a wide trading range for a long period of time.

On the lower part of the pattern near 1.1030 - 1.1080, the price reacted several times and proved that the buyers are well positioned near that area.

Nevertheless, the price this time is not finding the right power to grow further.
As it seems SNB is still pushing CHF to get stronger again because this situation is not so normal.

However the support area is holding strong and it means that we have a possible balance near 1.1000 as long as the price is not breaking through that area.

So when SNB will decide to give up then we will see GBPCHF to rise again.

Thank you and Good Luck!