Dear Traders,
The GBP/CHF is bullish. We can see a form of consolidation (rounded bottom) during the uptrend. We might see fresh move up.
Today and on Monday , the price will be slower due to low volatility. Easter holidays are when banks are not working. At this point there is a set-up for GBPCHF long trade. The POC zone is 1.2030-40. Watch for stronger bullish momentum if the price closes above 1.2060.
On a successful bounce the pair will push towards 1.2100. A close above and the price should reach the final target 1.2146.
The analysis has been done with the CAMMACD system.
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Many green pips,
Nenad Kerkez aka Tarantula FX
Elite CurrenSea
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