GBP/CHF - stay long on breakout at 1.3265

FX:GBPCHF   British Pound / Swiss Franc
GBP/CHF upside remains capped at major trendline resistance at 1.3265. Break above could take the pair higher.
Price action has broken above 200-DMA at 1.3231, but is struggling to extend gains above.
Technical indicators are bullish on the daily chart . Momentum bullish , RSI above 50.
Breakout at major trendline resistance at 1.3265 could see test of 38.2% Fib at 1.3241.
Retrace below 200-DMA could invalidate the bullish bais.

Support levels - 1.3231 (200-DMA), 1.3210 (5-DMA), 1.3167 (21-EMA)
Resistance levels - 1.3265 ( trendline ), 1.33, 1.3329 (100-DMA)

Good to go long on breakout above trendline at 1.3265, SL: 1.3230, TP: 1.33/ 1.3340/ 1.34.


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