GBPCHF has once again reached the key resistance area of 1.3450, where are highs of the 2017 and 2018. As can be seen in the chart below, the pair currently is trying to face this resistance area again.

Much better this situation is visible on the H4 chart, where at 1.3450 a consolidation was formed. Local support for this range falls near 1.3335.It is now important in which direction will break out from consolidation. If the price breaks the support at 1.3335, the way to the key area close to 1.3138 will be opened.On the other hand, if the key resistance area within 1.3450 is effectively overcome, we can expect continuation of the upward movement.

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