GPBCHF approaching resistance, potential drop!

GBPCHF is approaching our first resistance at 1.3160 (horizontal pullback resistance, 61.8% Fibonacci retracement, 61.8% Fibonacci extension, short term descending resistance line) and a strong reaction might occur below this level, pushing price down to our major support at 1.2987 (horizontal swing low support, 61.8% Fibonacci extension).
Stochastic (89,5,3) is also approaching resistance and we might see a corresponding drop in price should it react off this level.
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