GPBCHF approaching resistance, potential drop!

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GBPCHF is approaching our first resistance at 1.3087 (horizontal pullback resistance, 38.2% Fibonacci retracement, 100% Fibonacci extension) and a strong reaction might occur below this level, pushing price down to our major support at 1.2922 (61.8% Fibonacci extension). Ichimoku cloud is also showing signs of bearish pressure in line with our bearish bias.
RSI (34) is also seeing a bearish exit and we might see a corresponding drop in price.
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