Mihai_Iacob

GbpChf- correction should be finished

Short
OANDA:GBPCHF   Livre sterling / Franc suisse
After the false break above 1.21, GbpGbp broke horizontal support at above 1.2 and a strong sell of followed.
Now the pair corrected this down move and is ready for a new leg down.
The outlook is bearish for this pair and 1.16 zone could be reached in the medium term.

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