FX.co ★ GBPCHF H1: Bearish Rectangle

According to the chart of H1, GBPCHF formed the Bearish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 1.0609 - 0.0000 and support 1.0585 – 1.0585. In case the resistance level 1.0585 - 1.0585 is broken, the instrument is likely to follow the bearish trend.