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GBP/CHF chart - Trading View
Technical Analysis: Bias Neutral
- GBP/CHF is extending choppy trade along 200-DMA
- Price action has re-entered daily cloud, holds 5-DMA support
- Stochs are on verge of bullish rollover from oversold levels
- The pair is attempting break above 200H MA on the intraday charts
- GMMA indicator is neutral on the daily and intraday charts
Support levels - 1.2607 (200-DMA), 1.2592 (Cloud base), 1.2573 (5-DMA)
Resistance levels - 1.2636 (55-EMA), 1.2650 (20-DMA), 1.2662 (Cloud top)
Summary: GBP/CHF is attempting break above 200-DMA. RSI and Stochs are showing a potential bullish shift. Breakout above daily cloud will reinforce upside bias. Rejection at 200-DMA will see dip till channel base at 1.2420.
