The following commentary comes from an independent investor or market observer as part of TheStreet's guest contributor program, which is separate from the company's news coverage.NEW YORK ( fxtechstrategy.com) -- After closing higher this past week, the pound-Swiss franc currency pair (GBP-CHF) looks set to build on its recovery gains triggered from the 1.1465 level. If the cross currency pair continues to rise, it will target 1.4296, the May 22 high. A breach of that level would set the stage for a push higher toward the May 20 high at 1.4363. Further out, the next upside target would be 1.4548, the May 8 high. The pound-Swiss franc's weekly RSI is bullish and pointing higher, suggesting further strength. On the downside, support on pullbacks stands at the 1.3710 level, the Sept. 20 low, followed by 1.3533, where we would expect a reversal of roles as support to occur and turn the cross higher in the direction of its near-term uptrend. If this did not happen, however, the pair would see more weakness toward 1.3128 and then 1.2519. Overall, with the pound-Swiss franc cross currency pair breaking and holding above its key resistance at 1.3533, the risk is for further upside in the coming week.