GBP/CHF is quickly approaching the resistance line of a Channel Down. We expect either a breakout through this line or a rebound.

Either a rebound or a breakout imminent on GBP/CHF
GBP/CHF is heading towards the resistance line of a Channel Down. If this movement continues, the price of GBP/CHF could test 1.1137 within the next 21 hours. It has tested this line numerous times in the past, so this movement could be short-lived and end up rebounding just like it did in the past.

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