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GBPCHF: Ascending Trend Might Tend a Pullback Action.

 

 

GBPCHF’s three-week ascending trend satisfying the pullback formation. On a daily closing, GBPCHF expanded its recovery towards 1.3130. However, the 1.3200 and the 1.3260 horizontal-region could restrict the pair’s upside past-1.3130, if not then 1.3330 & 1.3350 might flash as quotes. If the pair successfully traded beyond the 1.3350 can entertain buyers.
On the contrary, three-months-old flat resistance can restrict the pair’s further extend action. A reversal after 1.32000 could allow the price range to take a halt @1.30200. In case the pair continues to decline, the 1.29500, 1.29120 & 1.28100 are the entertaining zones for SELLER’S.

Plan your trades according to the Numbers.

Happy trading.

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12 Oct 2018 12:25 pm Posted by tamilforex

 
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