GBPCHF,H4 | short-term bullish bounce for FX:GBPCHF by desmondlzw

Price is abiding to the descending trendline resistance, signifying overall bearish momentum. However, we can expect a short-term bullish bounce from the pivot level in line with 61.8% Fibonacci projection towards 1st Resistance in line with 78.6% Fibonacci projection . Our bullish bias is further supported by the RSI indicator where it is abiding to the ascending trendline support.

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