Expected Rise for GBP/CHF Pair in the Short Term

The GBP/FRAN pair has reached strong buying territory on the daily timeframe and has begun moving sideways on the 4-hour timeframe.

We expect to see some corrections to the pair soon if it breaks and closes above the resistance levels shown on the chart.

Expected Targets

If the pair rises and closes above the supply (resistance) zone, specifically above 1.0510, we expect to see a rise to 1.0560 and then 1.0610 in the short term.

However, this expected rise will be invalidated if the pair continues to decline and closes below 1.0400.