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GBPCHF Approaching Resistance, Potential Drop!

Por ICmarkets
Corretora
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.
Chart PatternsHarmonic PatternsTrend Analysis
ICmarkets
Corretora
IC Markets is an online forex broker specialized in providing transparent trading solutions to both retail and institutional investors alike. We provide superior execution technology, lower spreads and unrivaled liquidity.
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