GBP/CHF Long-Term Trend: Bearish
Key Resistance Levels: 1.2081, 1.2156, 1.2218
Key Support Levels: 1.1915, 1.1813, 1.1734
The price on the higher time frame faced resistance around the 1.2421 level and was rejected. The pair has formed a few rejection wicks and lower highs are made. As of now, the price has broken the support level of 1.2107 with good momentum and sustaining below that level.
GBP/CHF Medium-Term Trend: Bearish
On the lower time frame, the pair is moving in the major trend’s direction. The price faced resistance from the 1.2156 level and broke the support level of 1.2081. The pair has done a retest of that level and continuing the momentum.
Sell Stop Order @ 1.2013
TP 1 @ 1.1920
TP 2 @ 1.1827
Stop Loss @ 1.2106
Trade Safely 🙂