GBPCHF – Rallies to Find Sellers

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Monthly: A bearish Elliott Wave pattern (5-waves) was compete at the 2011 low of 1.1462. Price action is holding within a triangle formation (108 months of mixed trading).  Ichimoku Cloud resistance is seen at 1.4092. Marabuzo resistance from last month’s price action is located at 1.3365 [shortcode-variables slug="learn-forex-basics"] Weekly:  For the last 104 weeks we have held within ...

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