The GBP/CHF is approaching a strong buying opportunity

The GBP/CHF is still trading in daily demand zones,

with movement indicating consolidation so far.

In addition to the consolidation signals, we have a positive MACD divergence indicator,

 which indicates an expected upward trend for the pair.

If the downtrend is broken and a close above it is reached,

consolidation is expected to succeed, which will push the pair upward

to targets set at 1.0910 and 1.1050, respectively.

If the current demand zone is broken and a close below it is reached,

the current analysis will fail, and we may see further declines in the pair.