GBPCHF: Strong Bearish Signal
GBPCHF had been consolidating significantly since early December, remaining within a wide horizontal range on a 4-hour chart.
Following the holidays, the market appears to be showing a strong bearish trend, with a break below the support line of the range suggesting the end of a bearish accumulation phase.
This could lead to further declines, with the next key support level to watch being at 1.1100.
Following the holidays, the market appears to be showing a strong bearish trend, with a break below the support line of the range suggesting the end of a bearish accumulation phase.
This could lead to further declines, with the next key support level to watch being at 1.1100.
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