FX.co ★ Technical Analysis of Intraday Price Movements of GBP/CHF Cross Currency Pairs, Thusday February 02, 2023

With the appearance of deviations between price movements with the Awesome Oscillator indicator and price movements that move below the Moving Average on the 4-hour chart of the GBP/CHF Cross currency pair, we can clearly see that GBP/CHF is currently depreciating with a target of 1.1184 but before reaching the target level, GBP/CHF is likely to experience a correction to the level of 1.1275 as long as the upward correction does not exceed the level of 1.1353, the downside scenario that has been described will still run safely.

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