Forexintelligence_NA

Long term buy opportunity on GBPCHF

Long
FX:GBPCHF   British Pound / Swiss Franc
Let's turn our eyes to GBPCHF. The pair has been trading within a high timeframe falling channel since March 2021. It now looks like it has reached the support of this channel and we may expect a bounce up from this level.

I have considered to go long on this pair for both short and long term targets. I have higher expectation that the pair will reach to the resistance of the falling channel.

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