GBP/CHF Technical Analysis – Bullish Breakout from Bottom Format

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Zooming out on the chart, GBP/CHF has clearly rebounded from a major support level around 1.0700, a zone that has historically held firm. Zooming in, we observe a well-defined bottom formation, which has now been broken decisively to the upside.

📈 This breakout signals a potential trend reversal, supported by strong bullish momentum and a successful retest of the breakout zone.

🔹 Upside Targets:

• 1.10630
• 1.12780


🛑 Stop-loss: Below 1.07900, to guard against false breakouts or sudden reversals.

This setup aligns with recent technical insights showing a double bottom and higher low structure, which often precedes sustained bullish runs A. Traders should monitor volume and candle strength for confirmation.

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