FX.co ★ GBP/CHF reversed off key resistance, expect further drop!

Price is facing bearish pressure from our first resistance and Ichimoku cloud where we can expect a further drop to our major support level. RSI is also seeing a bearish exit.

Entry : 1.3267

Why it's good : horizontal overlap resistance, 61.8% fibonacci retracement, 61.8% Fibonacci extension

Stop Loss : 1.3430

Why it's good : horizontal swing high resistance

Take Profit : 1.2955

Why it's good : horizontal swing low support, 61.8% fibonacci extension