FxWirePro: GBP/NZD gains some ground but outlook is bearish 
JPY Action Bias: Bullish Pairs to Watch Out For 
FxWirePro: USD/ZAR retreats slightly but bias is bullish 
FxWirePro: AUD/USD gains on Iran-US truce hopes, risk rally 
FxWirePro: GBP/AUD under pressure as pound continues to weaken 
FxWirePro: GBP/AUD bears maintain upper hand 
Major Pairs Action Bias: USDCHF Emerges Extremely Bullish as EURUSD and GBPUSD Turn Deeply Bearish 
FxWirePro: USD/CNY edges higher but bulls lack punch 
JPY Action Bias: USDJPY, EURJPY, and CADJPY Emerge as Top Extremely Bullish Picks 
FxWirePro :USD/JPY eases slightly, remains on bullish path 
FxWirePro: GBP/USD downtrend loses steam but outlook still bearish 
FxWirePro: NZD/USD gains as U.S.-Iran peace hopes boost risk sentiment 
NZDJPY Action Bias: Bullish Dip-Buying Opportunity on Broad Yen Weakness 
FxWirePro: USD/CAD edges lower but bullish outlook persists 
AUDJPY Extends Four-Day Rally on Yen Weakness: Bullish Dip-Buy Eyes 117-118 
NZDJPY Bullish Dip-Buy Setup: 93.60 Support Unlocks Path to 97 
Chart - Courtesy Trading View
Technical Analysis:
- GBP/CHF was trading 0.85% lower on the day at 1.1820 at around 11:50 GMT
- The pair has broken major major trendline support, raising scope for further downside
- MACD confirms bearish crossover on signal line, ADX supports downside
- Price action is below daily cloud, Chikou span is biased lower
- Momentum is bearish, volatility is high and rising, major moving averages are trendline lower
- GMMA indicator shows major and minor trend is strongly bearish
Support levels - 1.1683 (Dec 2020 low), 1.1598 (Sept 2020 low)
Resistance levels - 1.1982 (5-DMA), 1.2122 (200H MA)
Summary: GBP/CHF was trading with a bearish bias. The pair is set to extend weakness. Test of fresh multi-year lows likely.
