GBP/CHF currency pair analysis 07.02.2022

On the D1 timeframe the currency pair tests the upside boundary of the descendant price channel. The ascendant truncated wave structure of H2 level is finished with breaching through the inclined channel. Awesome Oscillator indicates bearish divergence.

Trade idea:

Sell when the secondary round level 1.2480 is breached.

Stop-loss — 1.2563.

Target levels: 1.2391; 1.2285.