GBPCHF bears are keeping control of the pair for the sixth consecutive week, driving it down by more than 6.0% since the peak at 1.3398 and near an almost five-month low of 1.2539. Specifically, the price is far below its simple moving averages (SMA) at the moment, suggesting that the downward pattern may not be easy to reverse in the short-term. The momentum indicators are also painting an overall cloudy picture for the short-term as the red Tenkan-sen continues to point down below the blue kijun-sen. The MACD is showing a soft upside tendency and the RSI has been fluctuating in the oversold area for almost a month, ... (full story)