The_Trader_FX

GBPCHF - Ascending triangle

Long
OANDA:GBPCHF   Livre sterling / Franc suisse
GBPCHF has formed ascending triangle and it started to test important psychological level and resistance at 1.22. We have seen that GBP has been very strong recently mainly because it was undervalued before the Brexit deal was agreed. A break of resistance would signal further move north.
Price levels above 1.25 are expected later this year.

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