FxWirePro: GBP/CHF Daily Outlook

GBP/CHF chart - Trading View 

Technical Analysis: Bias Neutral

- GBP/CHF was trading 0.07% lower on the day at 1.2725 at around 11:15 GMT

- Price action is extending sideways along 21-EMA support

- The pair is trading within the daily cloud, Chikou span is flat

- Oscillators are flatlined and do not provide a clear directional bias

- GMMA indicator shows major and minor trend are neutral

- Pullbacks have been contained at cloud base

Support levels - 1.2711 (21-EMA), 1.2685 (55-EMA), 1.2654 (Lower BB)

Resistance levels - 1.2742 (200H MA), 1.2789 (Upper BB), 1.2796 (55-month EMA)

Summary: GBP/CHF is extending sideways grind along 21-EMA support. Technical indicators do not provide a clear directional bias. 55-month EMA is stiff resistance on the upside. Further gains only on decisive break above.