GBPCHF facing bearish pressure, potential for further downside!
Prices are facing bearish pressure from 1st resistance in line with 61.8% Fibonacci retracement and 61.8% Fibonacci extension. Prices might push down towards horizontal swing low support in line with -27.2% Fibonacci retracement and 100% Fibonacci extension. If prices push up further, prices might face resistance from horizontal swing high resistance in line with 100% Fibonacci extension. EMA is also above prices, showing a bearish pressure for prices.
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