JPY Action Bias: USDJPY, EURJPY, and CADJPY Emerge as Top Extremely Bullish Picks 
FxWirePro- Major Crypto levels and bias summary 
EUR/USD Slides After ECB Hold, Bearish Technicals Favor Rally Fades 
FxWirePro- Woodies pivot (Major) 
FxWirePro: USD/CAD positions for another climb, eyes 1.4150 level 
FxWirePro:USD/JPY hovers near a four-decade low 
FxWirePro- Major Crypto levels and bias summary 
FxWirePro: AUD/USD gains on Iran-US truce hopes, risk rally 
FxWirePro: USD/ZAR retreats slightly but bias is bullish 
FxWirePro: GBP/NZD gains some ground but outlook is bearish 
FxWirePro: EUR/NZD downside pressure builds, key support level in focus 
FxWirePro: GBP/AUD under pressure as pound continues to weaken 
FxWirePro: AUD/USD uptrend loses steam, remains on bearish path 
FxWirePro: USD/CNY edges higher but bulls lack punch 
FxWirePro: GBP/USD slips as middle east tensions and oil surge pressure pound 
Chart - Courtesy Trading View
GBP/CHF was trading 0.04% lower on the day at 1.1399 at around 06:40 GMT.
The pair has erased early gains and has slipped lower from session highs at 1.1430.
Softer UK data released earlier on Friday failed to provide support to the British pound.
UK retail sales arrived at 0.3% MoM in July vs. -0.2% expected and -0.1% previous. The core retail sales, jumped 0.4% MoM vs. -0.2% expected and 0.4% previous.
On an annualized basis, the UK retail sales plunged -3.4% in July versus -3.3% expected and -6.1% prior while the core retail sales fell by 3.0% versus -3.1% expected and -6.2% previous.
GBP/CHF is grinding lower, upside remains capped below 21-EMA. That said bullish RSI divergence keeps scope for upside.
Major Support Levels:
S1: 1.1365 (Trendline)
S2: 1.1358 (Lower BB)
Major Resistance Levels:
R1: 1.1427 (5-DMA)
R2: 1.1519 (21-EMA)
Summary: GBP/CHF was trading with a bearish bias. Bullish RSI divergence keeps scope for upside in the pair. 21-EMA is major resistance, watch out for decisive break above for upside continuation.
