As I mentioned in my previous post, Price is (potentially) on the verge of a significant breakout out on the upside on the superior timeframes, namely the weekly and monthly.
The daily reveals an additional layer of confluence; a perfectly textbook Wyckoff Type 1 Accumulation Schematic.
This particular analysis is part one of a two-part analysis.
GBPCHF is progressing towards completing a 'descending wedge' pattern on the monthly timeframe, indicating a loss in bearish momentum.
I personally hold a bullish directional bias.