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GBPCHF - Bullish Setup at Key Support Zone

The GBPCHF pair is currently testing a key demand zone, where previous price reactions suggest potential for a bullish reversal. This area has historically been a support level, indicating that buyers could regain momentum at this juncture.

A confirmation of bullish sentiment, such as the emergence of a bullish candlestick pattern or a strong rejection wick, would reinforce the likelihood of a rebound. Should this scenario unfold, the price could target the 1.12417 level.

What are your thoughts on this outlook?
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Trade closed on break even

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