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GBP/CHF chart - Trading View
GBP/CHF was trading 0.37% higher on the day at 1.2042 at around 10:20 GMT, outlook bullish.
The pair is extending bounce off 200-DMA and is gaining for the 2nd straight session.
Technical indicators are biased higher. Volatility is rising as evidenced by widening Bollinger bands.
RSI is nicely converging with price action and is above 50 mark, supporting upside bias.
The pair is extending trade in 'Symmetric Triangle' pattern, scope for test of triangle top resistance at 1.21.
Break out of 'Symmetric Triangle' pattern to fuel further gains. Bullish invalidation only below 200-DMA.
