18.11.202406:22 Forex Analysis & Reviews: Technical Analysis of Intraday Price Movement of GBP/CHF Cross Currency Pairs, Monday November 18, 2024.

Relevance up to 20:00 2024-11-18 UTC--5

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With the appearance of the Bearish 123 pattern followed by several Bearish Ross Hook (RH) and confirmed by the price movement moving below the WMA (30 Shift 2) on the 4-hour chart, in the near future GBP/CHF has the potential to weaken down to the level of 1.1175 if this level is successfully broken and closes below it, then GBP/CHF as long as there is no further strengthening that breaks above the level of 1.1326, GBP/CHF will continue to weaken to the level of 1.1130 as its main target and if the momentum and volatility support it, 1.1063 will be the next target to be aimed for.

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