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Buy Idea: GBPCHF analysis for 2021

Long
Sterlina / Franco svizzero (FOREXCOM:GBPCHF)  
GrizzlyBearBee  
FOREXCOM:GBPCHF   Sterlina / Franco svizzero
Fundamental Analysis Trend Analysis Chart Patterns Coronavirus (COVID-19) brexit safehaven
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fundamental trendanalysis chartpattern coronavirus brexit safehaven
On high possibility of a good Brexil Deal and COVID-19 vaccine roll-out around the world, it will be easier for the Cable to gain strength against the Swiss Franc, a safe haven currency. However, a 0.236 fibonacci level resistance of the previous 5-YEAR bearish run prevents the medium-term bulls from taking control. The level is also a 0.5 Fibonacci level resistance from a bear drop since last year.

A breach of this zone will open up the 2020 Highs once more.

Idee correlate

GrizzlyBearBee
GBPNZD parallel channel has been breached
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Bearish W-formation on NZD
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Buy on breakout
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Gold bearish on no US stimulus
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Sell on further Bearish Movement
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1.25xxx target for bulls still alive.
GrizzlyBearBee
Bulls aren't buying on Mordena's vaccine data
GrizzlyBearBee
Further weakness expected
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