GBPCHF facing bearish pressure | 11th June 2021

FX:GBPCHF   British Pound / Swiss Franc
Price is facing bearish pressure as it continues to hold under the descending trendline resistance, and Stochastics is also showing signs of bearish pressure as it is approaching the resistance level where it has reacted off of before, in line with our analysis. A break and close below Sell Entry level, in line with 50% Fibonacci retracement , 100% Fibonacci extension and horizontal pullback support, could see price swing towards Take Profit, in line with 78.6% Fibonacci extension and horizontal swing low support.

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