GBPCHF WAITING FOR DOWNTREND CONFIRMATION✅
Price has bounced off 61.8 retracement level and ascending trendline. RSI & MACD bearish divergence suggests a bearish move towards the highlighted support.
Breaking the support and holding below it will shift the trend to bearish and the price could rally down to break the ascending lower trendline.
A break above the resistance will resume the uptrend towards 1.260 initially.
Breaking the support and holding below it will shift the trend to bearish and the price could rally down to break the ascending lower trendline.
A break above the resistance will resume the uptrend towards 1.260 initially.
