GBP/CHF indicate implementation of the scenario we outlined a week ago. That analysis was based on a repetitive pattern of price behavior within the growth channel. Each time the last high was broken at the bottom edge, it gave a strong signal for growth. This time the demand needed several days, but after leaving over local resistance, the course did not return to the nearest low. In the end, there was a strong, two-stage upward movement. It is too late now to open a position, unless it is a long term trade. In the short term, it is more advisable to wait for a correction. The course should aim to the last high, and if manages to overcome it, the range of the movement can reach the upper edge of the channel.
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