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Short

GBP/CHF faces trend line resistance at 1.4710,sell on rallies

FX:GBPCHF   British Pound / Swiss Franc
130 0 3
GBP/CHF             has made a low of 1.4530 and recovered from that level .I t is currently trading at 1.4681.

It is facing minor trend line resistance around 1.4710 ( trend line joining 1.49260 and 1.4865) and any further bullishness can be seen only above that level.

Break above 1.4710 will take the pair to next target 1.4790/1.4860.

On the downside minor support is around 1.4650 and break below will drag the pair to next target around 1.4600/1.4535.

It is good to sell on rallies around 1.4700 with SL around 1.4750 for the TP of 1.4600/1.4540
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