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Gbppchf

Bullish Potential on GBPCHF by ThinkingAntsOkMain items we can see on the 4hs chart: a) The price bounced with an upper movement from the lower trendline of the weekly descending channel b) Also, the price is above a Support zone that was broken with a bearish movement c) For the last few days the price was on a descending channel (yellow lines) making a throwback ( Test of a zone on a bullish trend) to the Support zone d) Our expectations if the price breaks the descending trendline, is to observe a new bullish movement towards the next resistance zone at 1.28000 DAILY CHART:
by ThinkingAntsOk