Technical Analysis of Intraday Price Movement of GBP/CHF Cross Currency Pairs, Wednesday September 04, 2024.

If we look at the daily chart of the GBP/CHF cross currency pair, it appears that Sellers still dominate, which can be seen from the price movement which moves harmoniously in the Bearish channel and below the two EMA 34 (red) so that based on these facts in the next few days as long as there is no significant strengthening correction, especially breaking through the 1.1234 level, GBP/CHF has the potential to continue its weakening to the 1.0947 level. If this Support level is successfully broken down, GBP/CHF will continue its weakening to 1.0741.

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