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GBP/CHF Potential Upward Movement

GBP/CHF Long-Term Trend: Bullish

Key Resistance Levels: 1.2335, 1.2411, 1.2551

Key Support Levels: 1.2231, 1.2182, 1.2124

Daily Chart:

The price on the higher time frame was in a downtrend for some time until it faced rejection from the 1.2000 level. The pair reversed the direction and broke the resistance level of 1.2101 with good momentum.  We expect the bullish move to continue.

GBP/CHF Medium-Term Trend: Bullish

1-Hour Chart:

On the lower time frame, the pair is moving in the major trend’s direction. The price recently broke a resistance level of 1.2124 and sustained above that. It has now broken another minor level of 1.2231 and retested before continuing the momentum.

Signal Idea:

Buy Stop Order @ 1.2264

TP 1 @ 1.2322

TP 2 @ 1.2409

Stop Loss @ 1.2206

Trade Safely 🙂

About Vipul Rathaur

A trader with more than six years of experience, Vipul is a discretionary trader and uses multi time frame analysis for his analysis and price action for his trade signals. Believes that risk management is the secret to making it in this world. He trades major Forex pairs, Indices, and Commodities.

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