fxmonarchy

GBPCHF BULLISH RUN CONTINUATION

Long
FX:GBPCHF   British Pound / Swiss Franc
Breaking above 0.382 fib and closing weekly could get more opportunity for bulls. CHF is weakining and next week even commodity currencies stand a chance to take over and continue the trend on sentiment optimism.
GBP is definitely the strongest candidate for this kind of run. Idea is to wait minor retracements and gradually enter on each broken resistance test. Ideal retracements are 0.382-0.618 bounces.

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