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FxWirePro: GBP/CHF Daily Outlook

Chart - Courtesy Trading View 

Technical Analysis: Bias Bullish

GMMA Indicator

- Major trend is neutral, while minor trend is bullish

Ichimoku Analysis

- Price action is below the daily cloud

- Chikou span is biased higher, raising scope for some upside

Oscillators

- Stochs and RSI are biased higher, momentum is bullish

- Oscillators are in neutral territory with room to run further

Bollinger Bands

- Bollinger bands are wide and gap is widening

- Volatility is high and rising with scope to carry forward current momentum

Major Support Levels: 1.2301 (5-DMA), 1.2273 (21-EMA)

Major Resistance Levels: 1.2362 (55-EMA), 1.24

Summary: EUR/GBP trades with a bullish momentum. Scope for test of 55-EMA at 1.2362. Watch out for decisive break above for upside continuation. 
 

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