GBP/CHF Long-Term Trend: Bearish
Key Resistance Levels: 1.1186, 1.1248, 1.1312
Key Support Levels: 1.1056, 1.0988, 1.0912
The price on the higher time frame has recently been rejected from the 1.1488 level after being in a range from some time. It has shown good bearish momentum and broken a support level of 1.1187 which shows signs of trend continuation.
GBP/CHF Medium-Term Trend: Bearish
On the lower time frame, the pair is moving in the major trend’s direction. It broke a support level of 1.1312 recently and has sustained below that. Recently the pair has broken and retested a minor level of 1.1186 before continuing the momentum.
Sell Stop Order @ 1.1129
TP @ 1.1063
Stop Loss @ 1.1195
Trade Safely 🙂