GBPCHF is approaching our first support at 1.2852 (horizontal swing low support, 61.8% fibonacci extension, 50% fibonacci retracement) where a strong bounce might occur above this level to our first major resistance at 1.3057 (horizontal pullback resistance, 38.2% fibonacci retracement). Stochastic (34,,53) is also approaching resistance where we might see a corresponding drop in price. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
tradingview.com/chart/GBPCHF/0gf6sIux-GBPCHF-SHORT-DESCENDING-WEDGE-RSI-DIVERGENCE/