GBPCHF: If the SNB will stop price manipulation
GBPCHF: If the SNB will stop price manipulation
Over the past year, we have seen that the SNB manipulated the strength of the CHF to maintain a lower inflation rate.
Yesterday we saw another quick sell-off across all CHF-related currency pairs.
Maybe it was the SNB again because the move was bizarre.
However, given that GBP recovered quickly this time, I think we could see GBPCHF rise further over the coming weeks and possibly test one of the strongest resistance areas
close to 1.1520
You should know that all CHF-related currency pairs are very risky due to the actions of the SNB.
You may find more details on the chart.
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
Over the past year, we have seen that the SNB manipulated the strength of the CHF to maintain a lower inflation rate.
Yesterday we saw another quick sell-off across all CHF-related currency pairs.
Maybe it was the SNB again because the move was bizarre.
However, given that GBP recovered quickly this time, I think we could see GBPCHF rise further over the coming weeks and possibly test one of the strongest resistance areas
close to 1.1520
You should know that all CHF-related currency pairs are very risky due to the actions of the SNB.
You may find more details on the chart.
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
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