• GBPCHF reversed from support zone
• Likely to reach resistance level 1.3000
GBPCHF currency pair recently reversed up from the support zone lying between the key support level 1.280 (which has been reversing the price from the start of March), the lower daily Bollinger Band and 50% Fibonacci correction of the upward impulse from the end of February. The upward reversal from this support zone stopped the previous minor correction (ii).
Given the prevailing uptrend that can be seen on the daily GBPCHF charts and the strength of the aforementioned support zone – GBPCHF currency pair is likely to rise further toward the next resistance level 1.3000 (which has been reversing the price from the start of March).