SELL GBPCHF – 1.04758

The trade is based on a confluence of technical factors: a fair‑value‑gap (FVG) mid‑line acting as a bearish imbalance, a clear multi‑timeframe bearish bias (H4 showing 39% downtrend), and high‑volume price action that validates the sell pressure. The entry at 1.04758 sits just below a key structural resistance, with the stop placed at the next structural high (1.04877) to protect against a false breakout. Fundamentally, recent UK inflation figures have slowed, consumer sentiment is weakening and markets are pricing in possible BoE rate cuts, all of which put downward pressure on the pound. Combined with a neutral institutional stance and overall risk‑off sentiment, these elements give a strong case for a short position on GBPCHF with multiple profit targets at 1.04675, 1.04591 and 1.04460.