According to the latest analysis of the currency pair GBPCHF, it rebounded from the resistance and headed south breaking with the support near 1.4200.

Today, that support has been tested, but this time as a resistance and you will see that the candle with long upper wick rejects this level, which could indicate a return to declines. Goal for short positions may be in this scenario, the a round level 1.4000, or support that is lower, at 1.3950.

0706-GBPCHF


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