| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Sell | Sell | Sell |
| RSI(14) | Neutral | Buy | Buy |
| Stochastic(5;3;3) | Neutral | Neutral | Buy |
| Alligator(13;8;5) | Sell | Sell | Sell |
| SAR(0.02;0.2) | Sell | Sell | Sell |
| Aggregate | ⇘ | ⇘ | ⇒ |
The GBP/CHF exchange rate continued to trade downwards, targeting the lower boundary of the long-term descending channel located circa 1.2000. Currently, the rate is trading at the 1.2240 level.
Given that the currency pair is pressured by the 55-, 100– and 200-hour moving averages, currently located in the 1.2285/1.2325 range, it is expected, that the British Pound could continue to depreciate against the Swiss Franc. It is likely, that the pair could reach the lower channel line within the following trading sessions.
However, note, that the rate has to surpass the support level formed by the monthly S2 located at the 1.2136 mark.