GBPCHF: Consolidation & Complete Indecision
⚠️GBPCHF is currently trading in a narrow range on a 4-hour chart.
Depending on which way the price breaks out, there are two possible scenarios.
📈In a bullish scenario, if the price breaks and closes above the 1.1236 resistance level on the 4-hour timeframe, a bullish movement towards the 1.1325 level can be expected.
📉In a bearish scenario, if the market breaks below the 1.1072 support level and closes below it, a bearish movement towards the 1.1005 level is likely.
It is important to wait for a breakout for confirmation before making any trading decisions.
Depending on which way the price breaks out, there are two possible scenarios.
📈In a bullish scenario, if the price breaks and closes above the 1.1236 resistance level on the 4-hour timeframe, a bullish movement towards the 1.1325 level can be expected.
📉In a bearish scenario, if the market breaks below the 1.1072 support level and closes below it, a bearish movement towards the 1.1005 level is likely.
It is important to wait for a breakout for confirmation before making any trading decisions.
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