GBP/CHF Hits Barrier at 1.10

The British pound has been struggling to hold onto its gains against the Swiss franc, after briefly touching the important barrier at 1.10 on Wednesday.

According to Christopher Lewis, a technical analyst and market commentator at DailyForex with over two decades of trading experience, this is not an uncommon scenario for GBP/CHF pair.

'The 1.10 level has been a barrier for the British pound before,' Lewis notes. 'We've seen it sliced through in 2025, but all things being equal, I still think this is the same type of setup.'

Lewis recommends buying dips at around the 1.0933 level, with a stop loss at 1.0820 and a target of 1.1120 above.