Chart - Courtesy Trading View
Technical Analysis: Bias Bearish
- GBP/CHF was trading 0.38% lower on the day at 1.2376 at around 16:25 GMT
- The pair has been rejected at 200-DMA and is extending weakness
- Price action broke below daily cloud and has tested major trendline support
- Momentum indicators are bearish. Stochs and RSI are sharply lower. RSI is well below 50 mark
- Price action is below 200H MA and major moving averages are trending lower
Support levels - 1.2315 (trendline support), 1.23, 1.2132 (Lower W BB)
Resistance levels - 1.2441 (55-EMA), 1.2456 (110-EMA), 1.2466 (21-EMA)
Summary: GBP/CHF trades with a bearish bias. Break below trendline support will plummet prices. Scope for dip till 1.2132.


FxWirePro: EUR/AUD holds narrow range, focus on near-term Support
FxWirePro- Major Pair levels and bias summary
FxWirePro: USD/JPY nears 160 as intervention risk intensifies
FxWirePro: NZD/USD dips as Middle East tensions weigh on sentiment
FxWirePro- Major Crypto levels and bias summary
FxWirePro: GBP/NZD recovers some ground but bearish outlook persists
FxWirePro: GBP/AUD recovers some ground, geopolitics holds center stage
FxWirePro :AUD/USD softens as GDP slightly undershoots forecast
FxWirePro: GBP/NZD edges higher but outlook is bearish
GBP/JPY Holds the 215 Line as Yen Momentum Fades; Triple EMA Bulwark Eyes 217
FxWirePro: GBP/USD range-bound as Iran uncertainty keeps traders cautious
FxWirePro: GBP/USD remains range-bound amid growing Middle East instability concerns
FxWirePro- Major Pair levels and bias summary
FxWirePro: EUR/ NZD stuck in range but outlook is bearish
FxWirePro: USD/ZAR recovers some ground but outlook is bearish
FxWirePro: EUR/AUD dips towards 1.6200 level, scope for further downside
FxWirePro: AUD/USD eases amid uncertainty over the U.S.–Iran standoff 



