GBPCHF long view

On the daily time frame, we see that the pair has had good support in the moving averages of the MA20 and EMA20 for a long time. Based on that, we can very quickly expect a break above the psychological level at 1.30000. After the break above, we look at the following targets. Our first is the previous high at 1.32000, and a little above it and 1.33111 from December 2019. If there are a change and a negative image on the chart, we look at the first support zone at 1.27780. Our next is down at 1.25680, while below the moving averages of the MA200 and EMA200 are far below at 1.21000 and 1.22500.