GBPCHF PRICE ACTION: Bullish Rejection Pin Bars get bearish Confirmation

The previously extensive bullish run on the GBPCHF came to halt after price hit the 1.4800 Psychological resistance. Price subsequently sold off and even managed to put through the sell-off into and below it critical demand zone (1.4600). So far after that, price has remained constrained: trapped within a concession of inside bars. The bias however has changed from bullish to bearish and price is expected to break lower through this present consolidation.

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