The British Pound has been appreciating substantially against the Swiss Franc. The pair bounced off the lower boundary of a junior ascending channel on March 2 and has since trade bullish.
The GBP/CHF currency pair has been trading in a narrow channel since the beginning of March. Due to the fact that the channel is too narrow, it is likely going to be broken in the nearest future.
Technical indicators demonstrate that the rate could continue moving upward within this session. However, this surge is likely going to encounter a resistance cluster set by the monthly R2 and the weekly R3 near 1.3473.
