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MNI Analysis: GBPCHF Trendline Support -......>

FOREX
FOREX: MNI Analysis: GBPCHF Trendline Support
- GBPCHF based ahead of long-term up trendline support with the recovery
extending back through 1.24.
- GBPCHF is down +8% off its May 6 peak which has seen GBP pressured by
political/Brexit uncertainty and safe-haven flow underpin the CHF.
- Technical studies are still generating heavily oversold conditions, suggesting
a resumption of the uptrend. Bulls initially target the 1.2490/00 zone which
holds the short-term downtrend off June 12 and June 21 high.
- Risk factor - Month-end EURGBP corporate demand could counter
https://emedia.marketnews.com/marketnewsintl/GBPCHF.png

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