GBP/CHF chart - Trading View
Technical Analysis: Bias Bearish
- GBP/CHF is extending weakness for the 3rd straight session
- The pair is on track to close below 200-week MA
- Momentum is strongly bearish, Stochs and RSI are sharply lower
- The pair grinds lower in Sloping channel pattern and is testing 38.2% Fib
- GMMA indicator shows bearish shift in the near-term moving averages
Support levels - 1.2542 (38.2% Fib), 1.2515 (55-week EMA), 1.2378 (38.2% Fib)
Resistance levels - 1.2598 (5-DMA), 1.2620 (21-EMA), 1.2659 (200-DMA)
Summary: GBP/CHF was trading with a strong bearish bias. Scope for test of 50% Fib at 1.2378
