The GBP/CHF currency pair has consistently closed below the key resistance level of 1.1190, indicating a shift toward a bearish trend. The price is currently stabilizing near 1.1130.
The 55-period moving average (MA55) remains above this resistance, reinforcing the bearish sentiment. Additionally, the stochastic indicator is showing negative momentum, which supports the likelihood of further declines. The next targets are 1.1055 and, subsequently, the additional support level at 1.0975.
Today’s expected trading range is between 1.1055 and 1.1160.
Trend Forecast: Bearish
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