GBPCHF Chart Technical Outlook stalls at the 161.8% extension level of 1.1037
The cross has consolidated close to the 161.8% extension level of 1.1036. This could be seen as a mere 4th wave correction (Elliott Wave) before the next drive higher. We need to see a clear break of 1.1078-84 to extend toward the 261.8% level of 1.1194. It should be noted Demark indicators highlight one more day of net gains.