SELL GBPCHF – 1.04778

The trade is based on a high‑grade technical setup where a well‑defined order‑block on the H4 chart was broken to the downside, confirmed by an equal‑high‑low sweep that cleared stop orders and was accompanied by a spike in volume, indicating strong selling pressure. Multi‑timeframe analysis shows the MTF bias remains bearish, while the OBV indicator shows a divergence that warns of potential short‑term counter‑moves but does not invalidate the overall downtrend. The stop loss is placed at the recent structural high, providing a tight risk‑reward profile (1:3 to 1:5). On the fundamental side, the UK’s Q4 GDP stagnated at 0.1 % and the FTSE 100 slipped, reflecting a broader risk‑off environment that has weakened sterling against safe‑haven currencies such as the franc. Combined, these factors justify a short position on GBPCHF with targets at 1.0468, 1.04582 and 1.04428.