If we look closely at the 4-hour chart of the GBP/CHF cross currency pair, it can be seen that the price movement is still moving above the WMA (30 Shift 2) which also has a slope that slopes upwards, which indicates a strengthening condition dominated by Buyers so that in the near future GBP/CHF has the potential to appreciate upwards and try to test the level of 1.1391 if this level is successfully broken and closes above it, then GBP/CHF will continue to strengthen to the level of 1.1448 and if the momentum of strengthening and volatility support it, then 1.1614 will be the next target that will be tried in the near future, but with the appearance of a divergence between the GBP/CHF price movement which forms a Higher-High while the Stochastic Oscillator indicator actually forms a Higher-Low, there is a potential for a correction in GBP/CHF in the near future, but as long as the weakening correction does not broken and close below the level 1.1299 then GBP/CHF still has the potential to continue strengthening.

(Disclaimer)