USDCHF London briefing — 2026-10-16

BIAS NEUTRAL. Liquidity sweep (bullish) conflicts with H4/H1 fair value gaps (bearish) and divergent timeframe EMAs. KEY LEVELS R: 0.83, 0.835, 0.83953 | S: 0.825, 0.82, 0.81837 NEWS 🟡 Export Price Index MoM/YoY (USD) 12:30 UTC 🟡 Import Price Index MoM (USD) 12:30 UTC SESSION OUTLOOK Watch 0.83 resistance into US data. Sweep of lows offers setup structure, but bearish FVGs cap upside. Consolidation likely until conviction breaks.

Key Levels

R: 0.83000 · 0.83500 · 0.83953

S: 0.82500 · 0.82000 · 0.81837