Buy GBPCHF Wedge Breakout
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.
Thank you
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.
Thank you
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