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Buy GBPCHF Wedge Breakout

Long
British Pound / Swiss Franc (FX:GBPCHF)  
KABHI_FOREX_TRADING Updated   
FX:GBPCHF   British Pound / Swiss Franc
Trend Analysis Chart Patterns Technical Indicators GBP chf GBPCHF gbpchflong supportandresistancezones supply_and_demand wedgebreakout beyondtechnicalanalysis
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trendanalysis chartpattern indicator gbp chf gbpchf gbpchflong supportandresistancezones supply_and_demand wedgebreakout beyondtechnicalanalysis
Factors Potentially Supporting GBP/CHF:

Hawkish BoE Expectations: Markets are anticipating a more hawkish tone from the Bank of England (BoE) in its upcoming meeting on February 2nd, 2024. This could offer some support to the GBP against the CHF.

Technical Bounce: Like AUD/JPY, GBP/CHF may be due for a short-term correction after its recent decline. This could lead to a temporary upside movement in the pair.

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