#GBP/CHF Analysis

Buyers have pushed GBP/CHF up out of the demand zone of 1.1790 - 1.1880 . Most currencies pairs and commodities are going back to the price level they were before the coronavirus pandemic started.
✔First move (BUY) If price breaks out of the 1.1980 -1.2006. resistance area and continue to rise , the first TP target is 1.2182 resistance.
✔Second move (SELL) Price may hit both the 1.2182 resistance and the bottom of the ascending channel and fall. The 100 SMA is also resistance. So we have 3 types of resistance together here..
🔲 Horizontal Resistance 🔲 Moving Average Resistance and 🔲 Trendline Resistance. 
this retracement will push price down and price may go down to test 1.2000 which will serve as new support. Demand for safe haven is reducing as many economies are opening and removing lockdown. 
✔Third Move (BUY) Price will bounce from the 1.2000 support and go higher. Bulls will target 1.2182 as first TP and break the resistance upwards