GBPCHF Long

Setup GBPCHF
Technically :
- we can see that the triangle has been broken on the way up
- the buyers managed to break the previous highs (the area I circled)

Fundamentally :
Fundamentally important trade.
- The good news on employment in the UK has stumulated the market and has broken the triangle and the previous highs.
- This morning Switzerland's PPI came out weaker than expected which gives further confirmation to buy the GBP against the CHF.
- What's more, inflation in Switzerland remains relatively low compared to the United Kingdom.

A return of the price to the trendline at the top of the triangle may offer good buying opportunities to target the major trendline.