The main intraday target is the next resistance at 1.4011. If a pullback from this level forms afterwards...
GBP/CHF reversed from support zone
- GBP/CHF reversed from support zone
- Next buy target - 1.3050
GBP/CHF recently reversed up from the support zone lying between the pivotal support level 1.2800 (former resistance level which reversed the previous wave B in August), 38.2% Fibonacci correction of the previous upward impulse 1 and the 30-day moving average. The upward reversal from this support zone stopped the earlier minor ABC correction 2. GBP/CHF is expected to rise to the next buy target at the next resistance level 1.3050.
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