Long GBPCHF on a breakout

FX:GBPCHF   British Pound / Swiss Franc
41 0
We had somewhat of a fundamental catalyst today with further Swiss National Bank announced the negative rate changed for sight deposits will be applicable to most institutions that were previously exempt. While this is not as bullish as the market may have taken it to be, combined with technical factors, it merits a position. Prefer a scale-in approach.
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