The GBPCHF was trading near a LT term resistance level around 1.6545, while it was around that level it traded in a short term range in between 1.6603 and 1.6464 (green levels):

Earlier this morning the GBPCHF broke the upper extreme of the ST range, triggering a bullish market condition.

Only long opportunities are in play in the GBPCHF.

Trade Safe!

Raul Lopez
http://www.protradingnow.com/