OANDA:GBPCHF British Pound / Swiss Franc
Two patterns in this trade with the highlighted pink displaying a triangle as the downtrend got squeezed and broke out with buying pressure. This though could have been due to the GBP in general with the news of lockdown easing and vaccines/antibody tests emerging left right and centre. This recent GBP strength might not be so strong relative to the CHF which is also proving strong. Therefore, the flag displayed in highlighted blue could be either or depending on market movements and sustained buying . This idea only shows the which could breakout after hovering in the middle of the range and retesting the support which will become resistance. It could reach the 0 and -0.27% Fib levels. However, it goes without saying the opposite could occur and that the trend is a .