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GBPCHF: Descending Trend line Confines the Price Movement.

 

 

 

The pair GBPCHF failed to break the two-month-old resistance, and it couldn’t support the pair for its farther upside and the 1.2685 confines the pair Uptrend.

As a result, possibly the quotes pullback to the 1.2615 and the 1.550 are rest-points. However, if the pair declines the 1.2550, this action could challenge the recent low 1.24780. In case the bear continues beyond the 1.2455, the quote may highlight the 1.2385 and the 1.2330.

On the other hand, a successful break of 1.2685 can boost the signals to fetch the quotes 1.2730 and the 1.2800 resistances whereas 1.2860 and the 1.2885 might trouble the buyers afterwards. The successful conquer beyond the 1.2885 barrier, will help the market to reach the new heights 1.2950 and the 1.3000.

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14 Sep 2018 12:50 pm Posted by tamilforex

 
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