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GBP/CHF Potential Upward Movement

GBP/CHF Long-Term Trend: Bullish

Key Resistance Levels: 1.1486, 1.1559, 1.1612

Key Support Levels: 1.1395, 1.1355, 1.1320

Daily Chart:

The price on the higher time frame has been in an uptrend after it tested a support level of 1.1110 and bounced back. The pair has shown good momentum and broken a resistance level of 1.1375 which shows trend continuation.

GBP/CHF Medium-Term Trend: Bullish

1-Hour Chart:

On the lower time frame, the pair is moving in the major trend’s direction. It broke a consolidation zone of 1.1320 and 1.1355 and has sustained above that. Recently the pair has broken and retested another level of 1.1395 before continuing the momentum.

Signal Idea:

Buy Stop Order @ 1.1433

TP @ 1.1479

Stop Loss @ 1.1387

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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