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Forex Trade Idea: GBPCHF – Approaching Major Support Zone | Jan 15
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Forex Trade Idea: GBPCHF – Watching Major Support Zone For Buy Setup (daily chart)
Price Action Context
Gaining heavily to end last year and heading into the UK election, the GBP pairs have sold off from the Dec 19′ highs and are starting to offer some potential value plays.
ST bearish but MT neutral – bullish while above the support zone on a weekly closing basis.
Key Support & Resistance Levels
R: 1.28, 1.30
S: 1.2303, 1.2169
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