Technical Analysis – GBP/CHF (4H Timeframe)
GBP/CHF is currently trading around 1.13749, testing a well-defined resistance area (1.13898 - 1.14425). Multiple rejections from this level indicate strong selling pressure, suggesting a potential reversal.
A short setup is visible, targeting the 1.12458 and 1.11551 levels as downside objectives. A break below 1.13000 could confirm further bearish momentum, while a sustained breakout above 1.14425 would invalidate this setup.
Key Levels to Watch:
- Resistance: 1.13898 - 1.14425
- 1st Target: 1.12458
- 2nd Target: 1.11551
If resistance holds, a bearish move is likely. However, a breakout above 1.14425 could trigger further upside.
If you enjoy, press the like button.
GBP/CHF is currently trading around 1.13749, testing a well-defined resistance area (1.13898 - 1.14425). Multiple rejections from this level indicate strong selling pressure, suggesting a potential reversal.
A short setup is visible, targeting the 1.12458 and 1.11551 levels as downside objectives. A break below 1.13000 could confirm further bearish momentum, while a sustained breakout above 1.14425 would invalidate this setup.
Key Levels to Watch:
- Resistance: 1.13898 - 1.14425
- 1st Target: 1.12458
- 2nd Target: 1.11551
If resistance holds, a bearish move is likely. However, a breakout above 1.14425 could trigger further upside.
If you enjoy, press the like button.
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💸FREE FOREX Signals in Telegram : t.me/FxInsightsHub0
🔹Join Our Telegram Channel, Pure Price Action Based Signals With Chart Analysis.
t.me/FxInsightsHub0
🚀FREE CRYPTO Signals In Telegram: t.me/FxInsightsHub0
🔹Join Our Telegram Channel, Pure Price Action Based Signals With Chart Analysis.
t.me/FxInsightsHub0
🚀FREE CRYPTO Signals In Telegram: t.me/FxInsightsHub0
Related publications
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.