GBPCHF market is approaching the significant psychological level at 1.10000. While the daily timeframe maintains a bearish bias, the 1H timeframe shows a corrective move against the major trend. The price has moved above the previous week's high, potentially creating an area from which it may begin to drop. Looking at historical price action to the left, we can observe that price has previously fallen from this resistance zone. I anticipate the market will likely reject the psychological level above and then move lower toward the channel boundary and beyond. I expect the market to break through the upward channel, resuming its larger bearish trend. My goal is support zone around 1.08150Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
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💰FREE FOREX signals in Telegram: bit.ly/3F4mrMi
🚀FREE CRYPTO signals in Telegram: t.me/cryptolingrid
🌎WebSite: lingrid.org
🚀FREE CRYPTO signals in Telegram: t.me/cryptolingrid
🌎WebSite: lingrid.org
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.