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Chart - Courtesy Trading View
GBP/CHF was trading 0.18% lower on the day at 1.1269 at around 12:45 GMT.
The pair has erased early gains and has slipped lower from session highs at 1.1356.
Technical bias for the pair is turning bearish. Price action has taken minor support at 55-EMA at 1.1276.
Momentum is turning bearish. Stochs and RSI are biased lower. 5-DMA is capping upside in the pair.
GMMA indicator shows major and minor trend are bearish on the intraday charts. MACD shows bearish crossover on signal line, Chikou span is biased lower.
The British Pound continues to be weighed down by the Bank of England's dovish rate hike on Thursday.
Break below 55-EMA will drag the pair lower. Dip till daily cloud likely. Bounce off 55-EMA support will see upside resumption.
