GBPCHF approaching pivot, potential for rise | 21st Oct

21 thg 10, 2021

Price is trading in an ascending trend line and is approaching our buy entry of 1.26599 which is also 38.2% retracement level. Price can then potentially rise to the take profit level of 1.27605 which is also the graphical swing high level. Our bullish bias is supported by the ichimoku cloud indicator as price is currently trading above.

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