The currency pair GBPCHF after breaking the uptrend line, which took place on beginning of this month, rebounded from support at 1.4222 and then tested it again, but this time as resistance.
Currently, the price again directed to the trend line, but also the area of resistance near 1.4310 and if a potential test of these levels will indicate the predominance the supply side, we should see descent back to support near 1.4222.
Closing prices above the aforementioned levels, negates short-term pro-downward bias on this currency pair.
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