Top trade of the week - GBP/CHF

Targeting the medium-term cycle, we believe the price of the pair is heading north, towards the big key level of 1.2091. We have initiated this Buy trade about a week ago when we noticed the potential for an upside reversal. Now, price seems to be facing its first real adversary in the form of a significant resistance level at 1.1841. If the GBP/CHF will be successful on breaking through this obstacle, it will be much more likely that it will continue to push forward.

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