GBPCHF: Strong Bearish Signal

GBPCHF had been consolidating significantly since early December, remaining within a wide horizontal range on a 4-hour chart.

Following the holidays, the market appears to be showing a strong bearish trend, with a break below the support line of the range suggesting the end of a bearish accumulation phase.

This could lead to further declines, with the next key support level to watch being at 1.1100.