GBPCHF Bearish view intact. Remain short
Technical outlook and chart setups:
There is no significant change as depicted here; a new high was attempted but failed back at 0.618. It is recommended to remain short for now and build further on rallies. Resistance is the 1.48 level, followed by 1.5; while support is 1.4 respectively. Looking into the trend, which is down; a major down leg should materialize soon, extending below 1.4 levels in the coming weeks. On the flip side, a sustained break of the downtrend line depicted here, and subsequent break of 1.48 levels would negate the bearish structure expected at the moment. Looking lower for now.
Remain short, set stop above 1.4750, target is open.
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