GBPCHF Chart Technical Outlook

GBPCHF Chart Technical Outlook 78.6% pullback at 1.0862
After a prolonged period of mixed and volatile trading, we have seen an impulsive move to the downside this morning on lower than expected UK inflation data. Although we have seen a stalling in bearish momentum as the GBP basket hits support, I can see no technical reason for a change of trend. The next substantial downside barrier is located at 1.0862. Intraday resistance is located at 1.1005.

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