SELL GBPCHF – 1.04869

The trade is based on a confluence of technical and fundamental factors. On the chart, a London‑session market‑structure‑swing reversal (LONDON_MSS_REVERSAL) and an equal high‑low sweep pattern signal a bearish breakout, reinforced by a multi‑timeframe (MTF) bearish bias and a 48 % probability signal on the H4 timeframe. Volume is unusually high, confirming aggressive selling pressure. The price is testing a short‑term resistance near 1.0500, with the stop‑loss placed just above the structural high at 1.05009, while the target zone spans 1.04771 to 1.04519. Fundamentally, the UK’s Q4 GDP barely grew, budget uncertainty has dented GBP sentiment, and broader risk‑off dynamics—driven by strong yen demand and mixed US employment data—have increased demand for safe‑haven assets like the Swiss franc. This combination of bearish technical setup and deteriorating macro fundamentals justifies a high‑confidence short position on GBPCHF.