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HomeLatestGBPCHF Regains Bullish Bias – Forecast for July 3, 2024
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GBPCHF Regains Bullish Bias – Forecast for July 3, 2024

GBPCHF Price Analysis

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Current Scenario

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GBPCHF has successfully overcome bearish sentiment by surging above the 1.1330 resistance level recently, resulting in a robust rally that reached 1.1470.

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Bullish Outlook

The consolidation of the MA55 near the breached resistance at 1.1330 confirms solid support, bolstering expectations for a continuation of the bullish momentum. The next target is set at 1.1515, with potential further gains towards 1.1620 upon surpassing this level.

Expected Trading Range

  • Support: 1.1370
  • Resistance: 1.1515

Trend Forecast: Bullish

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