As you can all realize there is a downward trend taking place on the GBPCHF pair indicated by the red dots appearing on the bars the price may keep going south so long it stays lower than the level 1.5273 which is considered a strong resistance and also a weekly pivot point that of course until it hits the support at level 1.5014 which is also a weekly pivot point.
But there is another possibility that might yet take place and that is if the price broke the resistance 1.5273 and got itself a bullish signal via the blue dots in this case I do think that the price will be heading north till it hits the resistance 1.5364 which is the pivot level of the current week.
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