easyMarkets
Short

GBPCHF reversed off key resistance, potential for further drop!

FX:GBPCHF   British Pound / Swiss Franc
Price is facing bearish pressure from our first resistance (horizontal overlap resistance, 61.8% fibonacci retracement , 61.8% Fibonacci extension ) and Ichimoku cloud where we can expect a further drop to our major support level (horizontal swing low support, 61.8% fibonacci extension ). RSI is also seeing a bearish exit.

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