The GBP/CHF currency pair has experienced a series of consecutive negative closes in recent times, reinforcing its bearish trajectory and bringing it to a proximity of the 1.1140 level. It is worth noting that the 1.1510 level has established itself as a robust resistance, acting as a barrier to further gains, thereby supporting the continuation of the bearish sentiment. This situation prompts expectations of targeting new bearish levels, which could commence around the 1.0990 and 1.08775 price points.
Furthermore, the 1.1290 level serves as an additional barrier against the ongoing trades, contributing to the potential accumulation of negative momentum and facilitating the approach towards the aforementioned bearish levels.
In terms of anticipated trading activity today, the expected range spans from 1.1210 to 1.1000, providing a reference for potential price movement. The prevailing trend for today is decidedly bearish.