GBPCHF is testing a key resistance cum support zone that aligns with the dynamic support of the ascending parallel channel. We can expect bullish reaction from this support zone. Price is consolidating at this zone for some time which may mean that accumulation is taking place.
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Price tapped into our area of interest and was forcefully repelled from there. Bullish continuation expected now.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.