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GBP/CHF Testing Channel Resistance

posted by Avatar FXTimes 570 days ago in GBP, CHF, Technical

After bouncing off of channel support, GBP/CHF rallied sharply through 1.40 and 1.4050 and is now at the channel resistance near 1.4080. The rSI in the 4H chart is also testing 60, a break above which helps confirm a change in trend from bearish to at least sideways if not bullish mode...
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