GBP/CHF Analysis!

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GBP/CHF Analysis!Great Britain Pound vs Swiss FrancCFI:GBPCHFCFIFrom a fundamental perspective, GBP/CHF continues to be supported by the divergence in monetary policy between the Bank of England (BoE) and the Swiss National Bank (SNB). While the BoE maintains a relatively hawkish stance to combat inflation, the SNB continues to pursue a more accommodative monetary policy with low interest rates. This policy divergence supports the British pound over the medium term. However, the Swiss franc remains supported during periods of declining risk appetite or heightened geopolitical tensions, given its status as one of the world's leading safe-haven currencies. Overall, the fundamental outlook remains supportive for GBP/CHF as long as the monetary policy gap between the two central banks persists and global market conditions remain stable. From a technical perspective, the pair continues to maintain a bullish market structure, forming higher highs and higher lows. The current pullback toward the 1.06298 and 1.06173 levels, which represent a Fibonacci-based demand zone, is viewed as a corrective move within the broader uptrend. A bullish rebound from this area is expected, allowing the pair to resume its upward momentum. This bullish scenario remains valid as long as the price continues to trade above 1.06012, without recording a four-hour close below this level. Following the completion of the correction and a rebound from the highlighted demand zone, the first upside target is located at 1.07034. If the pair manages to break above 1.07350 and establish a new higher high, further gains toward 1.07600 and 1.07800 could be expected as medium- to long-term targets.