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September 11, 2020 at 03:23PM

• GBPCHF approached key support level 1.1600

• Likely to fall to 1.1500

GBPCHF has been falling strongly in the last few trading sessions –  in line with the earlier report for this currency pair.

The price is currently trading close to the strong support level 1.1600 (which stopped the sharp downward impulse wave 1 at the end of June).

If the pair breaks below the support level 1.1600 – GBPCHF can then test the next support level 1.1500. In the alternative scenario the price is likely to test the resistance at 1.1750 (former powerful support from July).

Continue Reading…

From: The FxPro Tech Analysis Team https://fxpro.news/market-snapshots/gbpchf-wave-analysis-11-september-2020-20200911/
Selected by fonecable.com

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