GBP/CHF chart - Trading View
GBP/CHF was trading 0.47% lower on the day after closing 1.11% lower in the previous session.
The pair witnessed some aggressive long-unwinding trade on Thursday and erased its weekly gains to the highest level since Dec 2019.
A runaway rally in the US bond yields raised fears about distressed selling in other assets and triggered a fresh wave of the global risk aversion, weighing on the pair.
Technically, the pair is poised to witness more weakness as price has retraced below crucial resistances at 200W MA and 55 month EMA.
MACD is on verge of bearish crossover on signal line and Stochs and RSI are on verge of rollover from overbought levels.
Price action now trades pivotal around 200H MA support. Decisive break below will cause more weakness.
Upside remains capped at 5-DMA and next bear target lies at 21-EMA at 1.2458 ahead of 1.2410 (5W MA)


NFP Shockwave Wipes Out EURUSD Gains as King Dollar Roars Back; Bears Target 1.1525
Aussie-Yen Pulls Back to 114 — But Bulls See a Dip-Buying Run to 117
GBP/JPY Bulls Reload at 214: Triple EMA Support Eyes 216–217 Breakout
FxWirePro: EUR/NZD tight ranges prevail as market waits for fresh catalyst
FxWirePro- Major Pair levels and bias summary
FxWirePro: GBP/USD neutral in the near-term, scope for downward resumption
FxWirePro: GBP/AUD bulls gain momentum on hot U.S. Jobs data
FxWirePro: EUR/AUD holds narrow range, focus on near-term support
FxWirePro- Major Crypto levels and bias summary
FxWirePro: USD/JPY on nervous hold around 160.00
FxWirePro: GBP/USD falls to two-week low on strong US jobs data
FxWirePro: AUD/USD softens as risk appetite abates
FxWirePro- Woodies pivot (Major)
FxWirePro: USD/ZAR bears maintain upper hand
FxWirePro: GBP/NZD climbs as robust U.S. employment figures triggers renewed buying interest.
AUDJPY Reclaims 114: Bears Growl in the Short Term, But Bulls Hold the Line 



