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GBP/CHF reversed from support zone

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  • 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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