The GBPCHF was trading near a LT term resistance level around 1.6545, while it was around that level it traded in a short term range in between 1.6603 and 1.6464 (green levels):
Earlier this morning the GBPCHF broke the upper extreme of the ST range, triggering a bullish market condition.
Only long opportunities are in play in the GBPCHF.
Tags: GBPCHF analysis
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