Chart - Courtesy Trading View
Technical Analysis:
- GBP/CHF was trading 0.31% lower on the day at 1.1803 at around 09:45 GMT
- The pair is poised to extend previous weeks' slump, closed 2.57 lower in the previous week
- GMMA indicator shows major and minor trend are strongly bearish on the daily and weekly charts
- Momentum is bearish and volatility is high and rising, likely to drag the pair lower
- Price action is below daily and weekly cloud, Chikou span is biased lower
Support levels:
S1: 1.0683 (Dec 2020 low)
S2: 1.1598 (Sept 2020 low)
Resistance levels:
R1: 1.1934 (5-DMA)
R2: 1.2063 (21-EMA)
Summary: GBP/CHF tests fresh 18-month low, poised for further downside. Dec 2020 low at 1.1683 in sight.


EUR/JPY Bearish Outlook Persists: Ifo Weakness Caps Upside, Sell Rallies Targeting 180 Below 183 Resistance
Yen Surge Dims NZDJPY Shine: Bearish Trend Holds Below 91 Resistance
FxWirePro: GBP/NZD remains bullish as rally continues
FxWirePro- Major Crypto levels and bias summary
FxWirePro: USD/ZAR bears maintain upper hand
FxWirePro: USD/CAD slides as U.S. dollar weakens after jobs data
ETH/USD Clings Below $3000 in BTC's Shadow: Buy Deep Dips at $2700 Targeting $4000 Breakout
Yen Power Play: AUDJPY Crumbles Below 103.70 Resistance
FxWirePro: EUR/NZD edges lower but bullish outlook persists
FxWirePro: GBP/AUD maintains bullish bias with focus on 2.0300 level
AUDJPY: Bearish Setup Intact — Sell Rallies Near 103.30 Targeting 100
USD Loses Shine: Soft Labor Market and Stalling Consumer Spending Drag USDCHF Lower
FxWirePro: AUD/USD runs out of steam but maintains bullish outlook
FxWirePro:USD/JPY neutral in the near-term, scope for downward resumption
EUR/USD Surges Past 1.1765 on Dismal US Jobs Data: Bullish Momentum Builds with Eyes on 1.1900
FxWirePro: NZD/USD sidelined ahead Of key New Zealand GDP and US inflation update 



