GBPCHF 4 h price moving inside the Ascending Channel

GBP/CHF – 4H Chart Analysis (Feb 13, 2025)
📊 Market Structure:
Ascending Channel: Price is trading within a well-defined upward-sloping channel, indicating a bullish trend.
Parallel Support Zone (~1.1310 - 1.1330): This area has acted as both resistance and support in the past, making it a key level to watch.
🔑 Key Levels:
Resistance: ~1.1400+ (upper boundary of the channel)
Support: ~1.1310-1.1330 (parallel support)
Trendline Support: ~1.1260-1.1270 (lower channel boundary)
📈 Bullish Scenario:
If price holds above 1.1330, we could see a push toward the 1.1400+ resistance.
A breakout above the ascending channel could open room for further upside continuation.
📉 Bearish Scenario:
If price breaks below 1.1310, we may see a drop toward the lower channel boundary (~1.1260-1.1270).
A breakdown of the channel could shift momentum bearish, targeting 1.1200 as the next key level.
📌 Conclusion: GBP/CHF remains bullish as long as it stays within the channel. Watch for a potential bounce at support or a breakout above resistance for further upside! 🚀