Chart - Courtesy Trading View
GBP/CHF was trading largely muted at 1.1763 at around 10:34, after hitting session high and low at 1.1803 and 1.1725 respectively.
The pair is hovering near 18-month low of 1.17188 hit in last week's trade, bias remains bearish.
Price action is showing signs of downside exhaustion. Retrace above 5-DMA will see more gains.
Back-to-back Doji's seen on the daily candles suggests indecision to take prices lower.
The pair is trading well below daily cloud and Chikou span is biased lower. MACD and ADX supports downside.
GMMA indicator shows major and minor trend are bearish. But, price action is moving away from lower Bollinger Band.
Support levels:
S1: 1.1700
S2: 1.1663 (Lower BB)
Resistance levels:
R1: 1.1784 (5-DMA)
R2: 1.1858 (200H MA)
Summary: GBP/CHF extends sideways grind, shows signs of downside exhaustion. Major trend remains bearish. Upticks are likely to be limited.


FxWirePro: AUD/USD uptrend loses steam, remains on bearish path
FxWirePro: GBP/USD downtrend loses steam but outlook still bearish
JPY Action Bias: USDJPY, EURJPY, and CADJPY Emerge as Top Extremely Bullish Picks
FxWirePro- Major Pair levels and bias summary
FxWirePro- Woodies pivot (Major)
NZDJPY Action Bias: Bullish Dip-Buying Opportunity on Broad Yen Weakness
FxWirePro: GBP/AUD bears maintain upper hand
Major Pair Action Bias: Bullish Pairs to Watch Out For
JPY Action Bias: Bullish Pairs to Watch Out For
AUDJPY Extends Four-Day Rally on Yen Weakness: Bullish Dip-Buy Eyes 117-118
FxWirePro: GBP/NZD gains some ground but outlook is bearish
FxWirePro: EUR/AUD neutral in the near term, scope for downward resumption
FxWirePro: EUR/NZD firms after ECB holds rates steady at 2.25%
FxWirePro :USD/JPY eases slightly, remains on bullish path
FxWirePro: USD/ZAR retreats slightly but bias is bullish
FxWirePro: EUR/NZD downside pressure builds, key support level in focus 



