| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Sell | Buy | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Sell | Buy | Neutral |
| SAR(0.02;0.2) | Sell | Sell | Buy |
| Aggregate | ⇘ | ⇒ | ⇒ |
The GBP/CHF currency pair has been trading within an ascending channel since the beginning of August.
From a theoretical point of view, it is likely that some upside potential could prevail in the market, as the exchange rate could continue to trade within the given channel in the medium term.
In the meantime, note that the rate would have to exceed the resistance level—the Fibo 38.20% at 1.2181. If the given level holds, it is likely that a reversal south could occur, and the pair could decline to the Fibo 23.60% at 1.1785.