| Indicator | 4H | 1D | 1W |
| MACD (12; 26; 9) | Sell | Sell | Buy |
| RSI (14) | Neutral | Buy | Neutral |
| Stochastic (5; 3) | Neutral | Buy | Buy |
| Alligator (13; 8; 5) | Sell | Sell | Buy |
| SAR (0.02; 0.2) | Sell | Sell | Sell |
| Aggregate | ⇘ | ⇒ | ⇗ |
The Sterling began depreciating against the Swiss Franc after reaching a two-year high of 1.3850 mid-April. During the past two weeks, this depreciation accelerated in strength and the pair consequently fell 2.90% until the 1.3160 mark.
It is apparent that the pair has fallen short from the bottom boundary of a one-year channel up and the 50.0% Fibonacci retracement at 1.3130. Thus, it is possible that the pair still edges lower down to this barrier, likewise supported by the monthly S2, within the following trading days. This scenario is supported by daily technical indicators.
Subsequently, the Sterling should respect this senior channel and thus reverse near 1.3130. A possible upside target within the following two weeks is the 61.8% Fibo retracement and a medium-term channel at 1.35.