SELL GBPCHF – 1.04896

The pair dropped to 1.04896 after forming an equal‑high‑low sweep pattern that signalled a short‑term reversal, while a preceding gap between the prior high and current price was fully filled, confirming the sell pressure. Multi‑timeframe analysis shows the 4‑hour chart 50 % downtrend and a bearish alignment on daily and weekly charts, with volume spiking, indicating strong participation. The stop‑loss is placed at the recent structural high (1.05106), preserving risk. Fundamentally, Eurozone industrial production contracted 1.4 % YoY, weakening the euro side of the cross, and UK market expectations point to a dovish BoE stance after recent rate‑hold, further pressuring the pound. Combined with a high‑volatility environment, these factors increase the probability of the price moving toward the three target levels (1.04749, 1.04602, 1.04370).