As you can all realize there is a upward trend taking place on the GBPCHF pair indicated by the blue dots appearing on the bars the price may keep going north so long it stays lower than the level 1.5278 which is considered a strong support and also a weekly pivot point that of course until it hits the resistance at level 1.5461 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 support 1.5278 and got itself a bearish signal via the red dots in this case I do think that the price will be heading south till it hits the support 1.5163 which is the pivot level of the current week.
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