Chart - Courtesy Trading View
Technical Analysis:
- GBP/CHF was trading 0.48% higher on the day at 1.1614 at around 09:35 GMT
- The pair has a six day downside streak, but upside looks limited
- GMMA indicator shows major and minor trend are bearish
- Price action is below major moving averages which are trending lower
- MACD and ADX support downside in the pair, Chikou span is biased higher
Support levels:
S1: 1.15 (Lower BB)
S2: 1.1113 (March 2020 low)
Resistance levels:
R1: 1.1663 (5-DMA)
R2: 1.1753 (200H MA)
Summary: GBP/CHF trades with a bearish bias. Recovery attempts lack traction. Scope for test of new multi-year lows.


JPY Action Bias: USDJPY, EURJPY, and CADJPY Emerge as Top Extremely Bullish Picks
FxWirePro- Major Pair levels and bias summary
Major Pair Action Bias: Bullish Pairs to Watch Out For
NZDJPY Bullish Dip-Buy Setup: 93.60 Support Unlocks Path to 97
Major Pairs Action Bias: USDCHF Emerges Extremely Bullish as EURUSD and GBPUSD Turn Deeply Bearish
FxWirePro: EUR/NZD firms after ECB holds rates steady at 2.25%
FxWirePro: GBP/NZD downside pressure builds, key support levels in focus
FxWirePro: USD/CAD positions for another climb, eyes 1.4150 level
NZDJPY Action Bias: Bullish Dip-Buying Opportunity on Broad Yen Weakness
FxWirePro: AUD/USD uptrend loses steam, remains on bearish path
AUDJPY Extends Four-Day Rally on Yen Weakness: Bullish Dip-Buy Eyes 117-118
FxWirePro :USD/JPY eases slightly, remains on bullish path
FxWirePro- Woodies pivot (Major)
FxWirePro: USD/ZAR retreats slightly but bias is bullish
FxWirePro: EUR/NZD downside pressure builds, key support level in focus
FxWirePro: GBP/AUD bears maintain upper hand
FxWirePro: GBP/USD downtrend loses steam but outlook still bearish 



