GBP/CHF: Bearish Trend Continues

322
GBPCHF is currently experiencing a significant bearish trend.

After setting a new low, the market started to consolidate within a narrow parallel channel on the 4-hour chart.

The violation of its resistance level indicates a continuation of this downward movement.

I anticipate a further drop to 1.0440.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.