Lingrid | GBPCHF approaching PSYCHOLOGICAL Resistance at 1.10000FX:GBPCHF market is approaching the significant psychological level at 1.10000. While the daily timeframe maintains a bearish bias, the 1H timeframe shows a corrective move against the major trend. The price has moved above the previous week's high, potentially creating an area from which it may begin to drop. Looking at historical price action to the left, we can observe that price has previously fallen from this resistance zone. I anticipate the market will likely reject the psychological level above and then move lower toward the channel boundary and beyond. I expect the market to break through the upward channel, resuming its larger bearish trend. My goal is support zone around 1.08150
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