newdigital

GBP/CHF H4: bearish breakdow to be continuing, or bearish ranging to be started. The pair was on bearish breakdown since 15 of Dec: price broke key support levels and it was stopped by 1.4829 support level together with descending triangle pattern to be formed for the bearish trend to be continuing.

• if the price breaks 1.4926 resistance so we may see the secondary rally within the primary bearish market condition;
• if the price breaks 1.4975 resistance so the reversal of the price movement from the primary bearish to the primary bullish will be started with the secondary ranging: price will be located inside Ichimoku cloud in this case;
• if the price breaks 1.4829 support level so the primary bearish will be continuing without ranging up to the new 'bottom' to be forming;
• if not so the price will be moved within the channel.

Resistance	Support
1.4926	1.4829
1.4975	N/A