Chart - Courtesy Trading View
Technical Analysis: Bias Bearish
- GBP/CHF was trading 0.64% lower on the day at 1.2198 at around 10:20 GMT
- The pair is extending weakness for the second consecutive session after being rejected at 200-DMA
- MACD is on verge of bearish crossover on signal line, price action has slipped below daily cloud
- RSI is below 50 and biased lower, Stochs are on verge of bearish rollover from oversold levels
- Price action has slipped below 200H MA and GMMA indicator shows major and minor trend have turned bearish on the intraday charts
Support levels:
S1: 1.2110 (trendline support)
S2: 1.2058 (Lower W BB)
Resistance levels:
R1: 1.2216 (20-DMA)
R2: 1.2256 (21-EMA)
Summary: GBP/CHF poised for further downside, scope for test of major trendline support at 1.2110.


FxWirePro: NZD/USD gains as U.S.-Iran peace hopes boost risk sentiment
FxWirePro: USD/CNY dips as yuan firms on improving risk appetite
NZDJPY Action Bias: Bullish Dip-Buying Opportunity on Broad Yen Weakness
FxWirePro: AUD/USD gains on Iran-US truce hopes, risk rally
FxWirePro: USD/CAD positions for another climb, eyes 1.4150 level
FxWirePro- Major Crypto levels and bias summary
FxWirePro- Woodies pivot (Major)
FxWirePro- Major Pair levels and bias summary
BTC, ETH, SOL, XRP, and BNB: Major Crypto Pairs Stay Neutral
NZDJPY Bullish Dip-Buy Setup: 93.60 Support Unlocks Path to 97
FxWirePro: GBP/AUD under pressure as pound continues to weaken
JPY Action Bias: Bullish Pairs to Watch Out For
FxWirePro: GBP/NZD downside pressure builds, key support levels in focus
FxWirePro: USD/ZAR retreats slightly but bias is bullish
FxWirePro- Major Pair levels and bias summary 



