GBPCHF currency pair recently reversed up from the support area located between the key support level 1.21300 (which has been reversing the price from the start of December) and the lower daily Bollinger Band. The upward reversal from the support area started the active ABC correction (4).
Given the strongly bullish sterling sentiment seen across the FX markets today, GBPCHF currency pair can be expected to rise further toward the next resistance level 1.23450 (target price for the completion of the active corrective wave (4)).
