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FKW-Millions

GBPCHF Mostly Traded in Sideways: range of 1.1500 – 1.1000

Long
British Pound / Swiss Franc (FX:GBPCHF)  
FKW-Millions  
FX:GBPCHF   British Pound / Swiss Franc
Technical Indicators Trend Analysis Chart Patterns GBPCHF gbpchfanalysis gbpfuture bristishpound
3
2
indicator trendanalysis chartpattern gbpchf gbpchfanalysis gbpfuture bristishpound
The pair is trading along an sideways trend.

The downtrend may be expected to continue in case the market drops below support level 1.1000.

Alternative scenario: An uptrend will start as soon, as the pair rises above resistance level 1.1500, which will be followed by moving up to resistance level 1.2100.
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