A possible move on GBP/CHF as it heads towards support

Possible breach of support level by GBP/CHF
Emerging Falling Wedge pattern in its final wave was identified on the GBP/CHF 1 hour chart. After a strong bearish run, we find GBP/CHF heading towards the upper triangle line with a possible resistance at 1.0947. If the support shows to hold, the Falling Wedge pattern suggests a rebound back towards current levels.

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