GBP/CHF 1H Chart: Symmetrical Triangle

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Source: Dukascopy Bank SA
The strong upward trend-line that prevailed for GBP/CHF since March, added an upper boundary to form a symmetrical triangle on the hourly scale and leave risks above. The pair is strongly testing the upper part of the pattern and we will look for the line to break in the nearest future and lead the pair north along the senior trend-line. The resistance target is now set at 1.2787, but will most likely not give access to levels above and push towards the trend-line to maintain the current slope. Downside potential is strongly cut around the major trend-lien as several indicators cluster at the area.
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