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01.12.202209:01 Forex Analysis & Reviews: Technical Analysis of Intraday Price Movements of the GBP/CHF Cross Currency Pair Thursday December 01 2022.

This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.

Exchange Rates 01.12.2022 analysis

On the 4-hour chart the GBP/CHF cross currency pair appears to be stuck at the RBS (Resistance Become Support) level at 1.1353 where currently GBP/CHF seems to be getting ready to appreciate rising up to the 1.1463 level as its first target and 1.1575 as its second target however, with deviations between price movements and the CCI indicator, as long as there is no significant downward correction to below the 1.1327 level, the upward rally scenario described earlier will remain valid.

(Disclaimer)

Arief Makmur
Analytical expert of InstaForex
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