#GBPCHF: Bearish Move Is Likely To Continue!

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✴️ The GBPCHF pair recently established a new two-day low at 1.0300. Subsequently, the price exhibited a bullish trend, reaching the significant resistance level of 1.06500. Upon touching this point, the price initiated a reversal on the one-day timeframe.

✴️ We anticipate a continued downward trajectory, targeting 0.9800. This movement suggests a potential market dominance by CHF, as investors seek a more secure currency option.

✴️ The optimal entry point is identified at the current trading price of 1.055, with a stop-loss positioned above 1.075. We advise implementing precise risk management strategies and refraining from utilising large lot sizes.

🥇 Entry Criteria

🔺Sell Entry At: 1.055-1.065
🔺Stop Loss At: 1.080
🔺Take Profit At:0.9800

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