GBPCHF high price holding alert!
Regarding the topic, GBPCHF, despite the Bank of England last weekend, has been moving in a recent range near the high end.
I think it is probably getting caught on the selling side, but if we can break above around 1.1350–1.14 on the 4-hour to daily timeframes as a real body, I feel it could become a bit problematic.
(Even checking OANDA open positions, it seems that way)
Please keep an eye on the recent price movement, and if it seems likely to break above this area, taking a stop loss could be one possible method.
Please check the chart.
↓ is the GBPCHF daily chart.
Currently in the high end of the range, with daily up, 4-hour up, 1-hour up, 15-minute →
and it retraced from the recent low to the high using the 61.8% Fibonacci level.
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