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The GBPCHF repeats the attempt to exit the negative track – Forecast today – 17-5-2024
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The GBPCHF repeats the attempt to exit the negative track – Forecast today – 17-5-2024
May 17, 2024 1:38 AM

GBPCHF Price Analysis Expected Scenario The GBPCHF price returned to form new bullish waves, surpassing the 1.1385 resistance line to reinforce the chances of moving into the bullish track, now consolidating near 1.1483. Confirming the bullish scenario requires a new positive close above the breached resistance, enabling the renewal of bullish attempts and targeting 1.1510, followed by reaching the next main target at 1.1622. Expected Trading Range Between 1.1420 support and 1.1510 resistance.

Trend Forecast: Bullish

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