FXstreet.com (Barcelona) - The GBP is weakening against the CHF and it has lost more than 300 pips since the beginning of the European session from the 1.6592 to the 1.6265, intraweek low.

After be traded in a small range between 1.6545 and 1.6625 since yesterday's American session, the GBP/CHF has broken the 1.6545 support to falls 327 pips from the 1.6592 to the 1.6265. Currently, the pair is trading above the 1.6300 level, between the 1.6305/25 band.

If the downtrend is confirmed, the GBP will falls to find support at 1.6150/70 and, below there, 1.6000 will be exposed. On the uptrend side, the pair shoul hold above 1.6300 level before to think about the 1.6400 level.