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- Woodies pivot (Major)
FxWirePro- Major Crypto levels and bias summary
AUD/JPY Smashes Multi-Week Resistance at 114.73 After Prolonged Consolidation; Triple EMA Setup Targets 117
ETH Cracks $2,000: $241M Institutional Exodus From Spot ETFs Sends Bears Hunting $1,700
FxWirePro: GBP/USD range-bound as Iran uncertainty keeps traders cautious
GBP/JPY Holds the 215 Line as Yen Momentum Fades; Triple EMA Bulwark Eyes 217
FxWirePro: EUR/AUD dips towards 1.6200 level, scope for further downside
NZD/JPY Springs Off 38.2% Fib Support: Triple EMA “Buy the Dip” Setup Eyes 96.15–97
FxWirePro: USD/CAD bulls continue to hold the higher ground
FxWirePro- Major Pair levels and bias summary
Pound Power Drives GBPJPY Past 214.50 — Buy-the-Dip Setup Targets 217
FxWirePro: GBP/NZD recovers some ground but bearish outlook persists
FxWirePro- Major Pair levels and bias summary
FxWirePro: NZD/USD eases as Middle East tensions weigh on sentiment
Bitcoin Cracks Below $70K: ETF Bloodbath and Iran Tensions Spark Bearish Breakdown as Bears Eye $67K 



