GBP/CHF Long-Term Trend: Bearish
Key Resistance Levels: 1.1154, 1.1172, 1.1193
Key Support Levels: 1.1089, 1.1061, 1.1012
The price on the higher time frame has been in a downtrend after it broke the lower range of a trading zone at 1.1416 The pair has faced resistance at the 1.1269 level and sustained below that. A minor level of 1.1166 has now been broken which shows bearish bias.
GBP/CHF Medium-Term Trend: Bearish
On the lower time frame, the pair is moving in the major trend’s direction. It recently broke a major level of 1.1193 and sustained below that. As of now the pair has broken and retested a minor level of 1.1172 before continuing the momentum.
Sell Stop Order @ 1.1137
TP 1 @ 1.1097
TP 2 @ 1.1057
Stop Loss @ 1.1177
Trade Safely 🙂