24.09.202406:37 Forex Analysis & Reviews: Technical Analysis of Daily Price Movement of GBP/CHF Cross Currency Pairs, Tuesday September 24, 2024.

Relevance up to 03:00 2024-09-29 UTC+00

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If we look at the daily chart of the GBP/CHF currency pair, it appears that even though the price movement is moving above the MA 50, the slope is decreasing, indicating that the weakening in GBP/CHF is still occurring based on the map of the GSCS Wave calculation, so it seems that in the next few days GBP/CHF will continue to weaken, where this is confirmed by the deviation between the GBP/CHF price movement which forms a higher-High while the Stochastic Oscillator indicator actually forms a Double Top followed by the emergence of a Bearish Crossover in the Overbought area of the Stochastic Oscillator indicator, so based on these facts in the next few days as long as there is no significant strengthening, especially breaking through the 1.1443 level, GBP/CHF will continue to weaken to the 1.1021 level as its main target and the 1.0741 level as the next target.

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