GBPCHF Technical Analysis, Rate, News and Trading Tips
02 Jun 2022
GBPCHF Technical Analysis: Weekly Chart

In the weekly charts, GBPCHF is trading in a downward channel.
It is trading below all SMAs: MA (20), MA (50), and MA (100).
RSI is in selling zone which indicates bearishness. MACD is currently trading below zero which indicates bearishness.
The immediate support is at 1.19564 and the resistance level is at 1.23186
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 a downward channel.
It is trading below all SMAs: MA (20), MA (50), and MA (100).
RSI is in selling zone which indicates bearishness. MACD is currently trading below zero which indicates bearishness.
The immediate support is at 1.20055 and the resistance level is at 1.21320
GBPCHF is trading in a downward 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: