USDCHF H4: Bearish outlook seen, further downside below 0.99200On the H4 time frame, prices are approaching the resistance zone at 0.9920, in line with the 23.6% Fibonacci retracement and a pullback to this resistance zone presents an opportunity to play the drop to the support target at 0.9750. This support zone lines up with the 61.8% Fibonacci retracement and 100% Fibonacci extension. Prices are holding below the Ichimoku cloud as well, supporting the bearish bias.
