The GBPCHF price faced strong negative pressures recently, which pushes it to form strong bearish waves and break 1.1330 support line, to notice suffering some losses by reaching 1.1225.

The MA55 rally towards the broken support will confirm forming solid resistance against the current trades and increase the negative pressures on the upcoming trades, thus, we will start suggesting the negative attempts and wait to target 1.1180 soon, followed by reaching the next support at 1.1080, to form the main target of the near-term and medium term trades.

The expected trading range for today is between 1.1310 and 1.1180

Trend forecast: Bearish