traderchamp_

GBPCHF BEARISH PROJECTION

Short
FX:GBPCHF   British Pound / Swiss Franc
GBPCHF has retreated towards the minor support near the 1.1334 level. This reversal indicates that the price has begun to recognize this level as a buying opportunity, suggesting a strong, steady pullback towards the initial resistance observed previously.

Following this pullback, we anticipate another bearish movement as the highlighted zone is respected as a significant selling area.

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.