| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Sell | Sell | Buy |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Neutral | Sell | Buy |
| SAR(0.02;0.2) | Buy | Sell | Sell |
| Aggregate | ⇒ | ⇘ | ⇒ |
The GBP/CHF currency pair has been trading downwards since the middle of December when it reversed south from the upper boundary of the long-term ascending channel at 1.3300.
Currently, the exchange rate is testing the lower channel line. From a theoretical point of view, it is likely that a reversal north could occur within the following trading sessions. Important level to look out for is the Fibonacci 61.80% retracement at 1.3034.
However, note that the currency pair is pressured by the 200-hour SMA. Thus, if the given channel does not hold, the British Pound could continue to depreciate against the Swiss Franc. In this case the pair could gain support of the Fibonacci 38.20% retracement at 1.2525.