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GBPCHF May Resume Bullish Movement Following SNB Rate Cut

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GBPCHF May Resume Bullish Movement Following SNB Rate Cut

GBPCHF has completed a bullish pattern and is currently rising. However, it may take a pause before the bullish movement continues. The bullish momentum is also increasing due to the upcoming SNB rate decision, scheduled for this Thursday, December 12.

The SNB is expected to cut rates by 25 basis points, bringing the interest rate down to 0.75% from the current 1%.

Targets:
🎯 1.1255
🎯 1.1285
🎯 1.1325

You may find more details in the chart!
Thank you and Good Luck!

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