GBP/CHF Poised for a Bullish WaveGBP/CHF Poised for a Bullish Wave
At the beginning of August, GBP/CHF completed a bullish harmonic pattern at the 1.0740 level. Since then, the pair has been on a steady upward trajectory.
Over the past couple of weeks, GBP/CHF has been accumulating.
Today, following the release of the SNB’s CPI and GDP data, GBP/CHF has begun to show increased bullish momentum.
As indicated on the chart, the targets for GBP/CHF in September are 1.1320, 1.1490, and 1.1660.
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CHF Gross Domestic Product (QoQ) (Q2)
Actual 0.7 %
Expected 0.5%
Previous 0.5%
CHF Gross Domestic Product (YoY) (Q2)
Actual 1.8 %
Previous 0.6%
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CHF Consumer Price Index (MoM) (Aug)
Actual 0%
Expected 0.1%
Previous -0.2%
CHF Consumer Price Index (YoY) (Aug)
Actual 1.1%
Expected 1.2%
Previous 1.3%
You may find more details in the chart!
Thank you and Good Luck!
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