GBP - BULLISH
1️⃣ Consumer prices are seen rising in the coming months, due to an increase in regulated household energy bills, higher global oil prices and comparisons with prices a year ago when the country was under a strict COVID lockdown.
2️⃣ Britain's unemployment rate fell for a second month in a row to 4.9%.
CHF - BEARISH
1️⃣ Rising US Treasury yields could undermined the safe-haven CHF.
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Technical
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- We are buying the GBPCHF on the support on the M15 chart. This is short term trading strategy from Monsun Asia.
- Risk reward ratio is 2:1.
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Risk to this trade
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Any change in sentiment could turn the pair's direction.