GBP/CHF chart - Trading View
Technical Analysis: Bias Bearish
- GBP/CHF was trading 0.26% higher on the day at 1.2631 at around 11:45 GMT
- Price action was consolidating below daily cloud and 200-DMA
- Volatility is low, MACD is flat, ADX is flat and does not provide a clear direction
- Oscillators are biased lower, Stochs and RSI show bearish momentum
- Price action grinds lower in sloping channel pattern
Support levels - 1.26, 1.2542 (38.2% Fib), 1.25
Resistance levels - 1.2636 (55-EMA), 1.2657 (200-DMA), 1.2668 (200H MA)
Summary: GBP/CHF is extending consolidation below daily cloud and 200-DMA. Oscillators are biased lower. Scope for more downside. Bearish bias intact as long as pair stays below 200-DMA and daily cloud. Bear target 38.2% Fib at 1.2542.
