GBPCHF - Short term momentum remains bullish

GBPCHF is Bullish - We look to Buy at 1.2035

▪️ Short term momentum is bullish.
▪️ We have a 50% Fibonacci pullback level of 1.2037 from 1.1869 to 1.2205.
▪️ Positive overnight flows lead to an expectation of a firm open this morning.
▪️ Further upside is expected although we prefer to set longs at our bespoke support levels at 1.2035, resulting in improved risk/reward.
▪️ Expect trading to remain mixed and volatile.

Stop: 1.2005
Target1: 1.2145
Target2: 1.2200