Consolidating Thursday presents us with GBP/CHF

Hello Traders,

Let’s hit the charts:

 

 

1. GBP/CHF

 

For the sixth time, price on the GBP/CHF has revisited resistance level 1.21961.

In the past one month, price has continued to form higher lows, hence forming a decent ascending trendline.

If the daily candlestick breaks the 1.21961 resistance level, we may see price head for a new high (1.24433)

 

What say you?

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