FX.co ★ Technical Analysis of Intraday Price Movement of GBP/CHF Cross Currency Pairs, Tuesday December 10, 2024.

On the 4-hour chart, the GBP/CHF cross currency pair is seen to have successfully broken down from its Rising Wedge pattern coupled with the appearance of the Bearish 123 pattern and also confirmed by the deviation that occurred between the GBP/CHF price movement which formed a Double Top while the Awesome Oscillator formed a Higher-Low, then based on these facts in the near future GBP/CHF has the potential to weaken where the level of 1.1184 will be tested if this level is successfully broken through and GBP/CHF successfully closes below that level, then this cross currency pair will continue to weaken to the level of 1.1111 and if the momentum and volatility support it, then 1.1063 will be the next target, but all of these weakening scenarios will be invalid if on its way to these targets it suddenly strengthens again and breaks through and closes above the level of 1.1274.

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