GBPCHF has been in a prolonged consolidation since mid-June, remaining within a significant horizontal range on the 4-hour chart.
Following the weekend market opening, the pair appears to be strongly bearish.
The violation of a support level within this range suggests the end of a bearish accumulation phase, creating potential for further upward movement, with the next resistance level to watch at 1.0889.
Following the weekend market opening, the pair appears to be strongly bearish.
The violation of a support level within this range suggests the end of a bearish accumulation phase, creating potential for further upward movement, with the next resistance level to watch at 1.0889.
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