Chart - Courtesy Trading View
Technical Analysis: Bias Bearish
- GBP/CHF was trading 0.03% higher on the day at 1.2124 at around 10:00 GMT
- The pair has erased early gains, slipped lower from session highs at 1.2157
- Major moving averages are trending lower, price action is below major moving averages
- MACD confirms bearish crossover on signal line, ADX supports weakness
- Bearish 5-DMA crossover on 20-DMA adds to the bearish bias
- Momentum is bearish, volatility is high, Chikou span is biased lower
Support levels - 1.2110 (Double Bottom), 1.2072 (Lower BB)
Resistance levels - 1.2178 (5-DMA), 1.2218 (20-DMA)
Summary: GBP/CHF poised for further downside. Watch out for break below Double Bottom at 1.2110 for downside continuation.


FxWirePro: GBP/USD remains range-bound amid growing Middle East instability concerns
AUD/JPY Smashes Multi-Week Resistance at 114.73 After Prolonged Consolidation; Triple EMA Setup Targets 117
FxWirePro- Major Crypto levels and bias summary
FxWirePro: GBP/USD range-bound as Iran uncertainty keeps traders cautious
FxWirePro: AUD/USD eases amid uncertainty over the U.S.–Iran standoff
ETH Cracks $2,000: $241M Institutional Exodus From Spot ETFs Sends Bears Hunting $1,700
FxWirePro: EUR/AUD holds narrow range, focus on near-term Support
FxWirePro: EUR/AUD dips towards 1.6200 level, scope for further downside
FxWirePro- Woodies pivot (Major)
FxWirePro: USD/ZAR recovers some ground but outlook is bearish
FxWirePro: USD/CAD bulls continue to hold the higher ground
EURJPY Extends 5-Day Winning Streak Toward 186 — Bulls Reload on Dips for 188 Target
FxWirePro: NZD/USD eases as Middle East tensions weigh on sentiment
FxWirePro- Woodies pivot (Major)
FxWirePro: USD/JPY upside capped as intervention risk limit upside
FxWirePro- Major Pair levels and bias summary 



