We are registering long term bearish momentum against the pound. Looking at the GBPCHF we are seeing a demand zone already tested several times with lower highs forming. This indicates the possibility of the demand zone being broken as bears strongly get into the market. In the short run, we have a CHOCH and BOS indicating a bullish correction targeting the 1.14 region. W e have our sell orders in the liquidity region targeting 1.1-1.08 region.
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