Trend Overview
The GBP/CHF currency pair remains in a bearish trend, with current price action reflecting a potential oversold bounce within a broader downtrend.
Key Levels & Scenarios
Resistance: 1.1440 (previous consolidation zone)
A bearish rejection from this level could reinforce downside momentum.
Downside targets: 1.1340, followed by 1.1300 and 1.1200 over a longer timeframe.
Bullish Breakout Scenario:
A daily close above 1.1440 would invalidate the bearish outlook.
Upside targets: 1.1480, followed by 1.1500.
Volume analysis indicates limited buying pressure, keeping the bearish bias intact unless 1.1440 is breached.
Conclusion
As long as 1.1440 holds as resistance, GBP/CHF remains in a bearish structure, targeting 1.1340 and lower levels. A break above 1.1440 would signal a potential shift toward 1.1480 and 1.1500.
This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
The GBP/CHF currency pair remains in a bearish trend, with current price action reflecting a potential oversold bounce within a broader downtrend.
Key Levels & Scenarios
Resistance: 1.1440 (previous consolidation zone)
A bearish rejection from this level could reinforce downside momentum.
Downside targets: 1.1340, followed by 1.1300 and 1.1200 over a longer timeframe.
Bullish Breakout Scenario:
A daily close above 1.1440 would invalidate the bearish outlook.
Upside targets: 1.1480, followed by 1.1500.
Volume analysis indicates limited buying pressure, keeping the bearish bias intact unless 1.1440 is breached.
Conclusion
As long as 1.1440 holds as resistance, GBP/CHF remains in a bearish structure, targeting 1.1340 and lower levels. A break above 1.1440 would signal a potential shift toward 1.1480 and 1.1500.
This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.