| Indicator | 4H | 1D | 1W |
| MACD (12; 26; 9) | Buy | Buy | Buy |
| RSI (14) | Neutral | Sell | Sell |
| Stochastic (5; 3) | Neutral | Neutral | Sell |
| Alligator (13; 8; 5) | Buy | Buy | Buy |
| SAR (0.02; 0.2) | Sell | Buy | Buy |
| Aggregate | ⇒ | ⇒ | ⇒ |
Strong upside risks have guided the GBP/CHF currency pair for the last two months. This movement began early in March when the Sterling reversed from the bottom boundary of the senior channel. It is now located near the other channel line.
As apparent on the chart, the rate has not still fully reached this line which is located at 1.39, as it was disrupted by the strong plunge mid-Wednesday. A subsequent advance did not occur due to the resistance of the 55-hour SMA.
Some slight recovery is still expected to occur within the remaining part of the week; however, the senior channel might still remain intact.
Meanwhile, it is likely that the Pound edges lower in the medium term and breaches the prevailing ascending channel, the 200-hour SMA, the weekly R1 and the monthly R2 circa 1.3650. The following target is the 1.3550 area.