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GBP/CHF reversed from support zone

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  • GBP/CHF reversed from support zone
  • Next buy target - 1.3460

GBP/CHF recently reversed up with the daily Hammer from the support area lying between the support level 1.3130 (which has been reversing the price from the end of December, as can be seen below), lower daily Bollinger Band and the 50% Fibonacci correction of the previous sharp upward impulse from November. GBP/CHF is expected to rise further toward the next buy target at the next resistance level 1.3460 (top of the earlier impulse waves (i) and i).

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