GBP/CHF Trading Analysis (15/01/2024)

The trend is descending. The currency pair is traded in the range between 365 and 135 ЕМА. There is a bearish divergence on the Awesome Oscillator, and the moving averages of the Stochastic Oscillator are out of the oversold zone. The sloping channel of the ascending structure is truncated.
 

Trading idea:

Sell at the breach of 1.0845.

Stop-Loss at 1.0897.

Target price levels at 1.0790 and 1.0680.


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