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GBPCHF currency pair recently reversed up from the support zone located between the powerful support level 1.21150 (which has been reversing the pair from the start of March, as can be seen below) and the lower daily Bollinger Band. Given the strength of the aforementioned support zone, bullish divergence on the daily Stochastic indicator and the strong Swiss franc outflows – GBPCHF currency pair can be expected to rise further toward the next resistance level 1.22000.
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