GBPCHF approaching support, potential bounce!

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GBPCHF is approaching our first support at 1.2590 (horizontal overlap support, 61.8% Fibonacci extension, 50% Fibonacci retracement) and a strong bounce might occur above this level pushing price up to our major resistance at 1.2650 (horizontal overlap resistance, 100% Fibonacci extension).
Stochastics (55,5,3) is also approaching our support and a strong bounce above this level might see a corresponding rise in price.
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