GBPCHF Approaching Resistance, Potential Drop!
GBPCHF is approaching its resistance at 1.3641 (61.8% Fibonacci extension, 50% & 38.2% Fibonacci retracement, horizontal overlap resistance) where price could drop to its support at 1.3447 (38.2% Fibonacci retracement, horizontal overlap support). We do have to be cautious of the intermediate support at 1.3511 (horizontal swing low support).
Stochastic (55, 5, 3) is approaching resistance at 96% where a corresponding reaction could occur.
Stochastic (55, 5, 3) is approaching resistance at 96% where a corresponding reaction could occur.
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