GBPCHF reached the major support 1.15300 for the third time since June 2022. GBPCHF has been in the midst of a pretty wide range for the past few months, with much of the action holding the range from 1.15300 to 1.17170. The strong support urges the strength of the Bulls as an indecision candle can be seen in a 4hour Timeframe.

GBPCHF is expected to raise to the Channel resistance at 1.17170 from the entry level 1.15300 with a minim risk at 1.15000. In other hand if the market continues dovish, it is expected to drop at the next major support at 1.11000.