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GBPCHF likely to test 1.0694 in the near future. Where to next?

GBPCHF is heading towards 1.0694 and could reach this point within the next 2 days. It has tested this line numerous times in the past, and this time could be no different, ending in a rebound instead of a breakout. If the breakout doesn’t happen, we could see a retracement back down to current levels.

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Important price line breached by US Oil. This price has been tested numerous times before.

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