GBPCHF Technical Analysis: Weekly Chart

In the weekly charts, GBPCHF is trading in a downward channel.

It is trading above MA (5) and MA (20) but below MA (50).

The immediate support is at 1.22683 and the resistance level is at 1.26046

GBPCHF is trading in a downward channel until there is a trend reversal.

GBPCHF Technical Analysis: Daily Chart

In the daily charts, GBPCHF is trading in an upward channel.

It is trading above all SMAs: MA (5), MA (20), and MA (50).

The immediate support is at 1.23645 and the resistance level is at 1.24262

GBPCHF is trading in an upward channel until there is a trend reversal.

How to trade GBPCHF this week:

GBPCHF is trading in a downward channel until there is a trend reversal and the following opportunity can be taken:

TRADE SUGGESTION: SELL AT 1.24707, TAKE PROFIT AT 1.21148 AND STOP LOSS AT 1.26928