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02.12.201614:44 Forex Analysis & Reviews: Technical analysis of GBP/CHF for December 2, 2016

Long-term review

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GBP/CHF found strong support at 50-Moving Average that it has been rejecting for a number of times. It looks very much like an uptrend will continue at least to test 0% Fibs applied to the ascending channel breakout.

Consider buying GBP/CHF on small pullbacks to target 0% Fibs (1.2908). Suggested stop loss is below 50-Moving Average. If it manages to break above the 0% Fibs target, price might go much further up.

Support: 1.2670

Resistance: 1.2908

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