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Currently on the 4-hour chart, the GBP/CHF cross currency pair is seen moving in a Sideways condition, this can be seen from the WMA (30 Shift 2) moving through the Candlestick bodies, but with the appearance of Divergence between the GBP/CHF price movement and the osMA indicator (12,26,6) it gives a warning of potential weakening in the near future where the 1.1383 level will be tested to be broken and closed below it. If successful, GBP/CHF will continue its weakening to the 1.1354 level as its main target and 1.1316 as its second target if the weakening momentum and volatility support it, but if on its way to the target levels there is suddenly a significant strengthening, especially if it breaks and closes above the 1.1434 level, all the weakening setups that have been described previously will be invalid and automatically canceled by themselves.
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*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
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