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GBPCHF seems to be on its way to resistance – a possible opportunity?

GBPCHF is about to retest a key horizontal resistance level near 1.0843. It has tested this level 4 times in the recent past and could simply bounce off like it did last time. However, after this many tries, maybe it’s ready to start a new trend.

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We expect a 26 pip movement on SM within 2 hours following the event release.

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Resistance line breached by NVDA. This price has been tested at least twice before.

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