Emerging Falling Wedge pattern in its final wave was identified on the GBPCHF 1 hour chart. After a strong bearish run, we find GBPCHF heading towards the upper triangle line with a possible resistance at 1.1015. If the support shows to hold, the Falling Wedge pattern suggests a rebound back towards current levels.
After testing the support line numerous times, GBPCHF is once again approaching this line. Can we expect a bearish trend to follow?
