GBPCHF breakout and continuation
GBPCHF broke out of the flag of the bearish flag patter confirming it.
Consolidation and retesting of the previous support now turned resistance happend and the price is now moving further down with the next possible consolidation area at around 1.4290-1.4190 before going further down towards 1.38 which would be the end of the bearish flag patter.
Above scenario will be negated if the price suddenly turnes back up into the 1.46-1.48 area and even breaks out of 1.4820.
Consolidation and retesting of the previous support now turned resistance happend and the price is now moving further down with the next possible consolidation area at around 1.4290-1.4190 before going further down towards 1.38 which would be the end of the bearish flag patter.
Above scenario will be negated if the price suddenly turnes back up into the 1.46-1.48 area and even breaks out of 1.4820.
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