GBPCHF Reaching A Level Of Strong Resistance!!!

Currently, we managed to see GBPCHF moving towards a level of great resistance where we saw multiple rejections. After moving to this area, I will expect a BEARISH retracement back to 23.6 fib level also where a support level lies @1.2120. This will be an important level to lookout for if there are still BULLISH strength to this pair as a potential rejection from there could potentially means more to the upside and a breakout of 1.2192 resistance level. As of now, I see a great short opportunity to the support level at the same time observing for a breakout of the support to hold my trade to the next support level @1.9120. Do remember to watch out for potential rejection at 1.2120 if you plan to TP at a lower price.

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