The bias for the GBPCHF is bullish.
The shorter-term EMAs are crossed higher and the price action is above the longer-term EMA filter, which is positive.
We note that the price action recently broke out above a previous swing high created in January this year and has since been back to retest and confirm this region as support through 1.4800-20.
Provided there is some follow through buying, we will be happy to be buyers.
Traders can consider on stop buy orders at 1.4970, with stops placed 100 pips below entry