GBPCHF - CORRECTION NEAR EXHAUSTION?Symbol - GBPCHF
GBPCHF continues its corrective move, forming lower lows amid ongoing macroeconomic uncertainty and concerns related to US policy. GBPCHF remains within a bearish structure but is now approaching a key demand zone around 1.0555 – 1.0530, where buying interest could potentially emerge.
Despite the prevailing downside momentum, the pair is nearing an area that could attract bullish participation. If buyers manage to defend this demand zone, a meaningful rebound from these levels may follow.
Resistance levels: 1.0600, 1.0647, 1.0685
Support levels: 1.0560, 1.0535
If the price fails to hold above the current support and liquidity zone shown on the chart, another wave of selling pressure could develop. However, given the broader market context, the likelihood of a deeper decline appears limited.
